- Civeo ( NYSE: CVEO ) said Tuesday it was awarded a five-year contract with a resources company to provide integrated services at six villages in Western Australia.
- The workforce accommodation firm was previously contracted to provide services at four of the villages.
- The new contract, which was effective Oct. 1, includes options to extend the deal by up to two years.
- Civeo ( CVEO ) expects the initial five-year commitment will generate ~A$600M in revenues over 2022-2027.
- The contract was already factored into Civeo's ( CVEO ) FY guidance.
For further details see:
Civeo gets five-year contract renewal for integrated services in Australia