Civeo Corporation announced a six-year contract extension with a leading resources player to provide integrated services at eleven villages in Western Australia, effective January 1, 2025. This contract significantly expands Civeo’s operational scope from seven to eleven villages for this customer.
The renewed agreement is anticipated to generate approximately A$1.4 billion in revenues over the 2025-2030 contract period. Services will include catering, retail, village, mine and port site cleaning, facilities maintenance, and health and wellbeing solutions.
This major contract expansion reaffirms the strength and growth of Civeo's integrated services in Australia, moving the company closer to its Australian integrated services revenue target of A$500 million by 2027. Civeo has grown from operating four villages for this customer to eleven villages in the past five years.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.