Edition:
United Kingdom

Civeo Corp Announces Contract Award In Australia


Monday, 8 Jul 2019 

July 8 (Reuters) - Civeo Corp ::CIVEO ANNOUNCES CONTRACT AWARD IN AUSTRALIA WITH EXPECTED REVENUES OF APPROXIMATELY A$82 MILLION.CIVEO - CONTRACT FROM BHP BILLITON MITSUI COAL TO PROVIDE ROOMS AND HOSPITALITY SERVICES FROM EXISTING COPPABELLA & NEBO FACILITIES IN AUSTRALIA.CIVEO CORP - CONTRACT IS FOR AN INITIAL FOUR YEAR TIME PERIOD WITH AN OPTION TO EXTEND FOR AN ADDITIONAL YEAR.CIVEO - ANTICIPATED THAT INITIAL COMMITMENT FROM CONTRACT WILL GENERATE ABOUT A$82 MILLION IN TOTAL REVENUES OVER 2019-2023..CIVEO CORP - CONTRACT WAS ALREADY CONTEMPLATED IN FULL YEAR 2019 ADJUSTED CORPORATE EBITDA GUIDANCE OF US$95 - $101 MILLION. 

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