Ventia awarded significant long-term primary maintenance master contract
The following media release is issued today by Ventia; a 50/50 investment partnership between CIMIC and its co-investor.
Essential infrastructure services provider Ventia Australia Pty Ltd has confirmed it has been awarded a significant, long-term maintenance master contract with Chevron Australia for works in the Pilbara region of Western Australia.
The master contract term is for ten years and Ventia expects annual revenue of approximately $100M subject to predicted volumes and work orders being issued.
As Primary Maintenance Contractor, Ventia will deliver front-line and campaign maintenance, brownfield execution scopes and turnaround events at Chevron-operated natural gas facilities in Western Australia, in accordance with orders placed by Chevron under the master contract over the contract term. Works under the scope of the contract are expected to commence in Q3 of 2021.
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