CIMIC Group’s specialist business UGL has secured $450 million in oil and gas contracts, including with Chevron for work at its Gorgon and Wheatstone LNG facilities in Western Australia.
The contracts, which have been active since December, will be executed over a multi-year period, CIMIC said.
UGL has employed a workforce of 1,000 personnel and implemented upskilling and apprenticeship opportunities, CIMIC said.
The specialist business has also received an extension of integrated services for structural, mechanical, piping, electrical and instrumentation for existing clients in WA and Victoria’s oil and gas sectors.
Echoing this statement was CIMIC chief executive officer Juan Santamaria, saying UGL is a market leader in the delivery of maintenance and mechanical, electrical and instrumentation services to the oil and gas industry.
The secured works are in addition to the $180 million worth of contracts awarded to UGL last month, including three-year contracts to provide multidisciplinary services across Alcoa’s Wagerup and Pinjarra bauxite mines in WA.
The CIMIC business is also completing construction and commission works for Hamersley Iron’s West Angelas Power Station in the Pilbara.
Shares in CIMIC were up 1.5 per cent at 1:00pm AEDT to trade at $28.47.