Why are these tier 1 user-based enterprise agreements (eg with...

Why are these tier 1 user-based enterprise agreements (eg with Bechtel, Fluor, Exxon Mobil, AECOM, etc) so good for Aconex?

This is Leigh Jasper, during the recent AGM: "We have seen a strong ramp up in our user-based customers with the total Bechtel, Fluor and Exxon user numbers doubling last year. "

To understand just what that means, have a look at Bechtel's current active portfolio, as reported by IIR, and do the maths.


Bechtel's $152 Billion in Active Projects Fueled by Demand for LNG, Natural Gas-Fired Plants, an Industrial Info News Alert


NEWS PROVIDED BY
Industrial Info Resources, Inc.
Nov 16, 2017, 07:30 ET


SUGAR LAND, Texas, Nov. 16, 2017 /PRNewswire/ -- Researched by Industrial Info Resources (Sugar Land, Texas)--

Bechtel Group Incorporated (San Francisco, California) is maintaining its role as a top engineering, procurement and construction (EPC) provider for natural-gas fired, combined-cycle (NGCC) and liquefied natural gas (LNG) projects in the U.S. and abroad.

Facilities built by Bechtel account for nearly one-third of global LNG capacity, according to the company. Industrial Info is tracking more than $152 billion in active projects involving Bechtel, including nearly $70 billion that are under construction.

https://www.prnewswire.com/news-rel...-an-industrial-info-news-alert-300557186.html

Soon they will need to add the $US15 bn Driftwood LNG plant to that under construction figure.

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This post is based on my own research and is not investment advice. When making investment decisions, always DYOR.