CIM cimic group limited
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News: CIM CIMIC Says UGL Awarded Multi-Year Oil & Gas Maintenance Contract

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    04/11/21
    12:15
    Post #: 57311567

    Nov 4 (Reuters) - CIMIC Group Ltd (CIM) :

    • UGL AWARDED MULTI-YEAR OIL & GAS MAINTENANCE CONTRACT
    • AWARDED LONG-TERM MAINTENANCE CONTRACT WITH CHEVRON AUSTRALIA FOR WORKS IN PILBARA
    • WORKS UNDER SCOPE OF CONTRACT ARE EXPECTED TO COMMENCE IN NOVEMBER 2021
    • UGL EXPECTS CONTRACT, WHICH HAS AN EXTENDABLE TERM UP TO 10 YEARS, TO GENERATE REVENUE OF ABOUT A$40 MILLION/ANNUM
    • EXPECTED THAT CONTRACT WILL GENERATE JOB OPPORTUNITIES, WITH AROUND 300 FUTURE POSITIONS
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