UGL Limited
(ASX:UGL) has inked a five-year contract to provide maintenance services to Chevron Australia.
UGL says the multi-million dollar contract for the operational phase of Chevron's Western Australian assets also includes extension options beyond the initial term.
The company says it may perform mechanical, electrical and instrumentation base maintenance, plant turnaround and brownfield execution services for Chevron's WA assets.
UGL expects to start mobilising its workforce early in the first half of calendar 2014 and says Australian industry participation is expected to exceed 90 per cent of revenue over the life of the contract.
UGL generated a net profit of $41.7 million in fiscal 2013.
