CIMIC's UGL secures $190m Karratha Gas Plant contract
CIMIC’S UGL SECURES $190M KARRATHA GAS PLANT CONTRACT
CIMIC Group company UGL, as part of a joint venture, has been awarded a new contract for services on the Woodside Energy Limited operated Karratha Gas Plant (KGP).
The new contract works will generate additional revenue to UGL of approximately $190 million, and includes two further multi-year extension options. UGL has provided services at the plant since 2015.
The joint venture, 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.
CIMIC Group Chief Executive Officer Michael Wright said: “Securing this contract reflects UGL’s depth of experience in industrial maintenance and asset management, and CIMIC Group’s commitment to our longstanding relationship with Woodside Energy.”
UGL Managing Director Jason Spears said: “UGL is pleased to have secured this extension and we look forward to continuing to support Woodside in delivering safe and innovative services on this extensive project.”
Located 1,260 kilometres north of Perth, Western Australia the KGP plant includes five LNG processing trains, two domestic gas trains, six condensate stabilisation units, three LPG fractionation units as well as storage and loading facilities for LNG, LPG and condensate. The plant has the capacity to produce 12,000 tonnes of domestic gas per day.
Issued by CIMIC Group Limited ABN 57 004 482 982 www.cimic.com.au
Mr Justin Grogan, Investor Relations T+61 2 9925 6628
Ms Fiona Tyndall, General Manager Communications T+61 2 9925 6188
CIMIC Group (ASX:CIM) is an engineering-led construction, mining, services and public private partnerships leader working across the lifecycle of assets, infrastructure and resources projects. CIMIC Group comprises our construction business CPB Contractors, including Leighton Asia and Broad, our mining and mineral processing companies Thiess and Sedgman, our services specialist UGL and our public private partnerships arm Pacific Partnerships – all supported by our in-house engineering consultancy EIC Activities. Our mission is to generate sustainable shareholder returns by delivering innovative and competitive solutions for clients and safe, fulfilling careers for our people. With a history since 1899, and around 50,000 people in 20 countries, we strive to be known for our principles of Integrity, Accountability, Innovation and Delivery, underpinned by Safety. CIMIC is a member of the S&P/ASX 100 index, the Dow Jones Sustainability Australia Index and FTSE4Good.