CIMIC Group’s (ASX:CIM) UGL secures $450m in contracts

Company News

by Rachael Jones

CIMIC Group (ASX:CIM) company UGL has secured contracts with $450 million in the oil and gas sector.

UGL will provide maintenance, turnarounds and project services for its clients in the oil and gas sector.

The contracts will be active from December 2019 and will deliver extension of maintenance and turnaround services at the Chevron operated Gorgon and Wheatstone facilities in Western Australia.

Shares in CIMIC Group (ASX:CIM) are trading 1.5 per cent higher at $28.47.

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.