Civeo Announces a 5-Year Contract Award in Australia with Expected Revenues of Approximately A$337 million

Jan 31, 2023

Civeo Corporation (NYSE: CVEO) today announced that it was awarded a five-year contract with a leading metallurgical coal producer to provide rooms and hospitality services from the Company’s existing Coppabella, Moranbah and Dysart accommodations facilities in Australia. The contract is an expansion of Civeo’s relationship with the customer to add accommodation requirements at its Moranbah village (previously, services were only provided at Civeo’s Coppabella and Dysart villages) and to increase total minimum room commitment. The contract has a five-year term and is expected to generate approximately A$337 million in total revenues from 2023 to 2027.

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