Valmec wins AUS$ 10.5 million in new contracts

Australian energy services group Valmec Limited has secured service contracts through its gas and multi-discipline divisions with a total value of approximately AUS$ 10.5 million.

The contracts, all of which are based in Western Australia, extend across a number of industries including land infrastructure, engineering services and civil works – highlighting the diversity of Valmec’s client base.

The Valmec team.

Diverse revenue streams

Valmec Managing Director Steve Dropulich said that the contracts support the company’s recurring revenues base and reflect the diversity of its current revenue streams.

“The diversity of revenues that these contracts bring to the organisation fit perfectly with our mission of delivering value to our clients across every aspect of our operations,” Mr Dropulich said.

“With an expanding tender pipeline and with the successful execution of its current order book, Valmec remains very well positioned to deliver further growth during FY15.”

Mr Dropulich said the company had identified several sectors as providing strong growth potential, including gas exploration and production, infrastructure development and government utilities.

Adapted from press release by Cecilia Rehn

Read the article online at: https://www.oilfieldtechnology.com/exploration/30072014/valmec-wins-aus-105-million-in-new-contracts/