Press release

CIMIC Group’s UGL secures $450m in oil & gas maintenance contracts

Sydney
11.02.2020

CIMIC Group company UGL has secured contracts to provide maintenance, turnarounds and project services for its clients in the oil and gas sector.

These contracts will generate a combined revenue to UGL of approximately $450 million and be executed over a multiple-year period.

The contracts will be active from December 2019 and will deliver:

  • Extension of maintenance and turnaround services at the Chevron operated Gorgon and Wheatstone facilities in Western Australia, where UGL is delivering mechanical, electrical, instrumentation and access services for maintenance, plant turnaround and brownfield execution services, supporting ongoing employment for a highly skilled local workforce of up to 1,000, and new upskilling and apprenticeship opportunities.
  • Extension of integrated services for structural, mechanical, piping, electrical and instrumentation for existing oil and gas sector clients in Western Australia and Victoria.

CIMIC Group Chief Executive Officer Juan Santamaria said: “These contracts exemplify the strength of UGL’s solid client relationships and its position as a market leader in the delivery of maintenance and mechanical, electrical and instrumentation services to the oil and gas industry.”

UGL Managing Director Jason Spears said: “We are proud of our close working partnerships with leaders in the oil and gas sector in Australia. These contracts reflect UGL’s reputation for strong performance and safe delivery of maintenance and shutdown services.”


HOCHTIEF shares

Current share prices
Short profiles

HOCHTIEF and subsidiaries
Financial reports online

Financial Reports

Order and download

Financial Reports