CIMIC Group's UGL in new $200m contracts

Company News

by Rachael Jones

CIMIC Group (ASX:CIM) company UGL has secured contract extensions to supply maintenance and turnaround services for its clients in the oil and gas sector.

These new contracts will generate a combined revenue to UGL of approximately $200 million.

They will work at the Chevron operated Gorgon and Wheatstone facilities in Western Australia.

There is also extension of scope for maintenance and project-related services for an existing client’s assets across Victoria.

Shares in CIMIC Group (ASX:CIM) trading 0.02 per cent lower at $44.93.
 

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