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Civeo Announces a 4-Year Contract Renewal in the Australian Bowen Basin with expected revenues of approximately A$250 million

1. Civeo secured a four-year contract renewal worth A$250 million. 2. The contract will provide services to a metallurgical coal producer.

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FAQ

Why Very Bullish?

The A$250 million contract signifies strong revenue stability. Historical trends show contract renewals often lead to stock price increases.

How important is it?

The contract substantially boosts future revenue prospects, likely influencing investor sentiment and stock performance.

Why Long Term?

The renewal impacts revenue through 2029, ensuring long-term financial health and market confidence.

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BHPANZFMG
HOUSTON & SYDNEY--(BUSINESS WIRE)--Civeo Corporation (NYSE: CVEO) today announced that it was awarded a four-year contract renewal with a leading metallurgical coal producer to provide rooms and hospitality services from the Company's existing Coppabella, Moranbah and Nebo villages in the Australian Bowen Basin. The contract renewal is expected to generate approximately A$250 million in total revenues from 2025 to 2029. This contract renewal was contemplated in Civeo's latest full year 2025 rev.

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