MMA Offshore wins $100M Chevron contract

Company News

MMA Offshore Limited (ASX:MRM) has won a two year shore base contract with Chevron worth up to $100 million, with an option to extend for an extra year.   
 
The marine logistics company is set to provide supply base facilities and services for Chevron’s operations in Australia’s North West. 
 
The scope includes operations planning and management for vessel mooring, load and discharge, freight/material management and dedicated laydown and staging areas. 
 
Managing Director Jeff Weber says the contract represents an important step in continuing to support Chevron and secures stable earnings and cash flow for MMA’s Dampier Supply Base.
 
MMA Offshore reported a net profit of $37.7 million in the first half of the 2015 financial year.