AusGroup Ltd. has confirmed that subsidiary AGC Industries has been awarded a significant maintenance master contract by Chevron Australia on March 22.
The contract is the longest maintenance master contract currently in the Australian oil and gas market.
The ten-year master contract enables Chevron Australia to order full-service asset maintenance from AGC across Chevron’s onshore and offshore natural gas and oil production facilities located in the north-west of Australia.
AGC expects that the contract will see AGC deliver a diverse and complete range of services including management, planning, scheduling and supervision; painting insulation and fireproofing (PIF); scaffolding including engineering services; rope access (central trades); workshop management; asset management (hire equipment special tools); procurement and maintenance; crane operation (rigging) and maintenance.
“This contract is a substantial achievement for AusGroup and confirms our proven track-record, integrity, ability and financial capacity to deliver certainty of outcome which has been central to our performance over the years,” Shane Kimpton, AusGroup CEO and managing director, said.
AGC confirmed a significant number of new roles would be required to service orders under the contract with recruitment to commence in coming weeks.
Founded in Western Australia in 1989, AGC is an experienced integrated services provider, with an established presence in Western Australia, Victoria and Northern Territory. It provides a range of service solutions from maintenance and construction through to commissioning and handover.
Recommended Reading
Range Resources Holds Production Steady in 1Q 2024
2024-04-24 - NGLs are providing a boost for Range Resources as the company waits for natural gas demand to rebound.
Hess Midstream Increases Class A Distribution
2024-04-24 - Hess Midstream has increased its quarterly distribution per Class A share by approximately 45% since the first quarter of 2021.
Baker Hughes Awarded Saudi Pipeline Technology Contract
2024-04-23 - Baker Hughes will supply centrifugal compressors for Saudi Arabia’s new pipeline system, which aims to increase gas distribution across the kingdom and reduce carbon emissions
PrairieSky Adds $6.4MM in Mannville Royalty Interests, Reduces Debt
2024-04-23 - PrairieSky Royalty said the acquisition was funded with excess earnings from the CA$83 million (US$60.75 million) generated from operations.
Equitrans Midstream Announces Quarterly Dividends
2024-04-23 - Equitrans' dividends will be paid on May 15 to all applicable ETRN shareholders of record at the close of business on May 7.