Decmil wins $35m contract extension

Engineering and construction contractor Decmil Group has won another extension to its contract for work at QGC’s Queensland Curtis Liquefied Natural Gas project in Gladstone, worth about $35 million.

The wellsite installation services contract at QCLNG will continue to be carried out by Eastcoast Development Engineering, a subsidiary of Decmil which was acquired in 2013.

“The contract extension will see Decmil continue to support QGC’s operations with wellhead construction, logistics, material management and a range of construction services for 2016,” Decmil said in a statement.

The acquisition of EDE has proved fruitful for Decmil, with the subsidiary winning an $80 million extension to the contract in late 2013 (about eight months after the purchase), and a further $65 million extension in January last year.

 Decmil shares were 3 per cent higher to $1.01 each at 10:15am.