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.