Shares in Decmil Group Limited
(ASX:DCG) gained this morning after the civil engineering and construction company said it had been awarded a $70 million contract.
The contract is to design, supply and install the fly camp for the $29 billion Chevron-operated Wheatstone LNG project in Western Australia.
Work is scheduled to start in December 2011 and expected to be completed by August 2012.
CEO Scott Criddle says the award is important as it represents early involvement in what will be a significant project for the Australian oil and gas sector.
Shares in Decmil were 8.72 per cent higher this morning, trading at $2.12.
In the 2011 financial year Decmil Group generated a net profit of $23.5 million.
