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- CIMIC Group’s (CIM) subsidiary UGL has been awarded a long-term maintenance contract with Chevron Australia for works in the Pilbara region of Western Australia
- Under the contract, UGL will deliver frontline, maintenance, brownfield execution scopes and turnaround events at Chevron-operated facilities
- The contract has an extendable term of up to 10 years and is expected to generate revenue of roughly $40 million per year
- CIMIC Group ends the day 0.31 per cent in the green with shares trading at $19.59 each
CIMIC Group’s (CIM) subsidiary UGL has been awarded a long-term maintenance contract with Chevron Australia for works in the Pilbara region of Western Australia.
Under the contract, UGL will deliver frontline, maintenance, brownfield execution scopes and turnaround events at Chevron-operated facilities.
UGL Managing Director Doug Moss said the company is excited to be partnering with Chevron.
“This contract ensures we can build on our position as a long-standing local employer in Western Australia,” Mr Moss said.
“We look forward to continuing our strong relationship with Chevron Australia through the delivery of safe, effective and quality outcomes.”
The contract has an extendable term of up to 10 years and is expected generate revenue of roughly $40 million per year, with work scheduled to begin in this month.
“We are proud to be a partner to one of Australia’s leading natural gas suppliers and to support the local community,” CIMIC Executive Chairman and CEO Juan Santamaria said.
“It is expected this contract will generate job opportunities, with around 300 future positions, and we intend to fill as many as possible locally. We will also support regional businesses by sourcing more than half of our subcontracted services from the area.”
CIMIC Group ended the day 0.31 per cent in the green with shares trading at $19.59 each.
