These new contracts will generate a combined revenue to UGL of approximately $200 million and be executed over a multiple-year period.
The contracts will deliver:
• Maintenance and turnaround services at the Chevron (chevron.com) operated Gorgon and Wheatstone facilities in Western Australia, where UGL will deliver mechanical, electrical, instrumentation and access services for maintenance, plant turnaround and brownfield execution services.
• Extension of integrated services for structural, mechanical, piping, electrical and instrumentation for existing clients in Western Australia
• An extension of scope for maintenance and project-related services for an existing client’s assets across Victoria.
CIMIC Group Chief Executive Officer Michael Wright said: “These contract awards exemplify the strength of UGL’s solid client relationships and its position as a market leader in the delivery of maintenance and mechanical, electrical and instrumentation services to the oil and gas industry.”
UGL Managing Director Jason Spears said: “We are proud of our close working partnerships with leaders in the oil and gas sector in Australia. These contracts reflect UGL’s reputation for strong performance and safe delivery of maintenance and shutdown services.”
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 100 index, the Dow Jones Sustainability Australia Index and FTSE4Good.
Contact: Mr Justin Grogan, Investor Relations; T+61(2) 9925 6628.