Decmil Group has been awarded a contract extension worth up to $80 million for works on the Queensland Curtis Liquefied Natural Gas project.
The company said the works would be carried out by subsidiary Eastcoast Development Engineering.
EDE has been working on the project for the past three years, after previously winning a $98 million mechanical, spool and wellhead installation contract.
“This is a landmark win for EDE, a Brisbane-based business which Decmil Group acquired in Aprli,” Decmil chief executive Scott Criddle said.
“It demonstrates the success of our strategy to diversify the business, and further increases our presence on the east coast.
“The win strengthens our position in the oil and gas industries, which has been an increasing focus for the group in recent years.”
At close of trade today, Decmil shares were up nearly 5 per cent, at $1.91.
