- CIMIC Group’s (CIM) service specialist company UGL has secured $180 million in maintenance and services contracts and extensions
- These contracts and extensions will see work carried out in the states of Western Australia, Queensland, and Victoria
- UGL has extended its contracts with GLNG Operations, Esso Australia, and Viva Energy, while signing a new one with BP Kwinana
- CIMIC has ended the day a slight 0.71 per cent in the red with shares trading for $22.53 each
CIMIC Group’s (CIM) service specialist company UGL has secured $180 million in maintenance and services contracts and extensions.
These contracts and extensions will see work carried out in the states of Western Australia, Queensland, and Victoria.
“These contract extensions are evidence of our strong relationships with our clients and we look forward to continuing to provide them with a safe and reliable service,” UGL Managing Director Jason Spears said.
The extended contracts include a multi-year extension of UGL’s existing services contract with GLNG Operations for the Queensland Curtis Island Facility, and a multi-year extension to its agreement with Esso Australia for maintenance services in the Bass Strait, Victoria.
UGL’s final contract extension is an optioned multi-year extension to its partnership with Viva Energy for maintenance services at the Geelong refinery.
While the first new contract relates to a multi-year contract with BP Kwinana for the supply of electrical and mechanical labour and support management for major shutdown work in 2021.
The other new contract includes operation services in Queensland’s oil and gas sector.
“UGL has a strong reputation for maintenance and shutdown services, particularly in the Australian oil and gas sector,” CIMIC CEO Juan Santamaria said.
“We are pleased to have the opportunity to continue developing strong partnerships with our clients, including our ongoing commitment to Viva Energy,” he added.
CIMIC has ended the day, July 22, a slight 0.71 per cent in the red with shares trading for $22.53 each in a $7.202 billion market cap.