Tempo Australia (ASX:TPP) has secured new contract extensions with Chevron (NYSE:CVX) and Rio Tinto (ASX:RIO) totalling about $50 million.
The company secured variations to its existing sub-contract at Chevron’s Gorgon Liquefied Natural Gas Project on Barrow Island, Western Australia.
More than 200 personnel from Tempo are now site, higher than the initial 100 when the contract was granted in May 2015.
Tempo has also received a further extension to its existing contract with Rio Tinto at its 353 million tonne per annum Cape Lambert Port B Expansion Project, in Western Australia’s Pilbara region.
During the June 2015 Quarter, the company reported sales receipts of $15.3 million and operating cash flows of $1.9 million.
