PRZOOM - /newswire/ -
Sydney, Australia, 2018/05/18 - CIMIC Group company UGL has secured new maintenance, project and shutdown services contracts in the resources sector with a combined value of approximately $139 million - UGLlimited.com / CIMIC.com.au. ASX: CIM
The new maintenance and project services work will be executed over five years and comprises:
• A contract extension for the provision of downstream maintenance and shutdown services for an oil and gas client in Queensland.
• A contract for the provision of major plant shutdown services for a client in base metals in Queensland.
• An extension to the scope of an asset management, maintenance and project-related services contract for a major oil and gas client across Australia
CIMIC Group Chief Executive Officer Michael Wright said: “These three contract awards demonstrate our deep expertise and history of delivering value to our clients in the Australian resources industry. We are pleased to continue these important long term client partnerships.”
UGL Managing Director Jason Spears said: “Our priority is optimising the value of our clients’ assets through certainty of delivery and operational performance. These contract awards demonstrate UGL’s market leading capabilities in maintenance and project services delivery. We are pleased to be supporting the growth and success of our major clients in the resources services sector.”
About CIMIC Group Limited
CIMIC Group Limited (cimic.com.au) is a world-leading infrastructure, mining, services and public private partnerships group. We have businesses in construction (CPB Contractors and Leighton Asia), mining and mineral processing (Thiess and Sedgman), operation and maintenance services (UGL), public private partnerships (Pacific Partnerships) and engineering (EIC Activities). Our mission is to generate sustainable shareholder returns by delivering innovative and competitive solutions for clients and safe, fulfilling careers for our people. With a history since 1899, and more than 50,000 people in 20 countries, we strive to be known for our principles of Integrity, Accountability, Innovation and Delivery, underpinned by Safety. CIMIC is a member of the S&P/ASX 200 index, the Dow Jones Sustainability Australia Index and FTSE4Good.
Contact: Mr Justin Grogan, Investor Relations; T:+61(2) 9925 6628.