Valmec wins $7.5m in new contracts
UPDATE 2.30pm: Contactor Valmec says it has won $7.5 million in new oil and gas service contracts.
The contracts, which are based in WA and at Moomba in South Australia, extend across land infrastructure, oil and gas maintenance services and construction.
Managing director Steve Dropulich said the contracts supported the company’s recurring revenues base and continued to reflect the depth of service offerings Valmec has through different industry sectors.
Valmec said it also continued to work closely with a number of oil and gas explorers and producers as they developed their upstream infrastructure development programs.
Valmec shares last changed hands for 17.5 cents.
