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UGL Secures Chevron Maintenance Contract

Source: www.gulfoilandgas.com 12/18/2013, Location: Not categorized

UGL Limited announced that it has been awarded a new five year contract by Chevron Australia Pty Ltd (Chevron) for the provision of maintenance services for the operational phase of Chevronís Western Australian assets. The multi-million dollar contract also includes extension options beyond the initial five-year term.

Under the scope of the contract, UGL may perform mechanical, electrical and instrumentation base maintenance, plant turnaround and brownfield execution services for Chevronís Western Australia assets. UGL expects to commence the mobilisation of its workforce early in the first half of calendar year 2014. Australian industry participation is expected to exceed 90 per cent of revenue over the life of the contract.

UGLís Managing Director and CEO, Richard Leupen said: ďWe are very proud to have been selected by Chevron to provide maintenance services across the companyís portfolio of critical oil and gas assets in Western Australia. Both UGL and Chevron share a fundamental commitment to the highest standards of safety and we look forward to ensuring Chevronís world class assets are maintained to the required exacting standards.

ĎSecuring this contract reflects UGLís position as a leading maintenance service provider to the downstream oil and gas industry in Australia and positions us well to be a key participant in the large pipeline of oil and gas maintenance opportunities in Australia and Asia as committed projects are brought on line, particularly in LNG.

ďThis significant win further strengthens UGLís broad base of high quality, recurring revenue streams. The quality and diversity of UGLís order book continues to remain high with approximately 85 per cent of the order book made up of long term recurring maintenance style contracts, de-risking our earnings profile in the years ahead.Ē

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Related Categories: Consultancy  Engineering  FEED  General  Maintenance and Repair  Process Technology Licensing  Production Engineering  Project & Resource Management 

Related Articles: Consultancy  Engineering  FEED  General  Maintenance and Repair  Process Technology Licensing  Production Engineering  Project & Resource Management 


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