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.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.