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    HOT   DE0006070006

HOCHTIEF AG

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HOCHTIEF : CIMIC's UGL secures oil & gas extensions in Western Australia

09/03/2021 | 03:32am EDT

3 SEPTEMBER 2021 CIMIC'S UGL SECURES OIL & GAS EXTENSIONS IN

WESTERN AUSTRALIA

CIMIC Group's UGL has been granted two contract extensions for planning, maintenance and shutdown services in Western Australia.

The contract extensions are expected to generate revenue to UGL of approximately $160 million and cover the:

  • Provision of brownfields implementation services for a leading oil and gas company under a non-binding framework agreement. The contract includes planning and execution of mechanical, electrical, instrumentation, access, insulation, coatings and fire protection; and
  • Provision of brownfields maintenance, projects and shutdown services for a leading oil and gas company for assets in the North-West of Western Australia including onshore and offshore operations.

CIMIC Group Executive Chairman and Chief Executive Officer Juan Santamaria said: "UGL has the workforce and expertise to support the full spectrum of structural, mechanical, piping, electrical and instrumentation services for the resources sector. We're proud to contribute to some of the nation's most advanced gas production systems and the delivery of energy solution for all Australians on behalf of these leading oil and gas companies."

UGL Managing Director Doug Moss said: "UGL is pleased to extend our relationship with our longstanding clients. We are one of Australia's leading service providers in the oil and gas industry and we look forward to continuing these operations in Western Australia."

These extensions are granted to 2024 and 2022 respectively.

ENDS

Issued by CIMIC Group Limited ABN 57 004 482 982 www.cimic.com.au Authorised by the CIMIC Group Continuous Disclosure Committee

Contacts

Mr Justin Grogan, Investor Relations T+61 2 9925 6628

Ms Fiona Tyndall, 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 businesses CPB Contractors, Leighton Asia and Broad, our mining and mineral processing companies Thiess (joint control) 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 31,000 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 200 index, the Dow Jones Sustainability Australia Index and FTSE4Good.

Disclaimer

Hochtief AG published this content on 03 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 September 2021 07:31:06 UTC.


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