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CIMIC Group Notes Regarding UGL Securing $190m Karratha Gas Plant Contract

15 Mar 2019  |  09:14:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: CIMICS UGL SECURES $190M KARRATHA GAS PLANT CONTRACT

CIMIC Group noted that UGL, as part of a JV, has been awarded a new contract for services on the Woodside Energy operated Karratha Gas Plant (KGP). The new contract works will generate additional revenue to UGL of $190m, and includes two further multi-year extension options. UGL has provided services at the plant since 2015. The JV, between UGL and Cape, will provide brownfields implementation services including planning and execution of work scope for mechanical, electrical and instrumentation, access, fire protection application, blasting and painting, cladding and insulation.

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