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Decmil Group wins wellsite installation services contract from QGC

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Decmil Group (ASX: DCG) has been awarded a wellsite installation services contract from QGC worth up to $80 million.

This is an extension of an existing contract in relation to the upstream portion of the Queensland Curtis liquefied natural gas project.

The previous contract awarded to Decmil’s subsidiary Eastcoast Development Engineering was worth more than $98 million for the mechanical, spool and installation of wellheads.

QCLNG is one of four major coal seam gas to LNG export project. It is expected to ship its first cargo of LNG next year.

 

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Quick facts: Decmil Group Ltd

Price: 0.905 AUD

ASX:DCG
Market: ASX
Market Cap: $216.53 m
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