Civeo awarded six-year contract extension in Western Australia

Civeo (CVEO) announced that it was awarded a six-year contract extension with a resources player to provide integrated services at eleven villages in Western Australia, effective January 1. This contract expands Civeo’s scope from operating seven villages to eleven villages. The new contract will incorporate catering and retail services; village, mine and port site cleaning services; facilities maintenance; and the provision of health and wellbeing solutions. It is anticipated the six-year contract will generate approximately A$1.4B in revenues over the 2025-2030 contract period. Civeo has been operating the four additional villages under a Limited Notice To Proceed agreement since the second quarter of 2024.