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FINWIRES

GR Engineering Services Unit Secures Five-Year Contract for Northern Territory Facility

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-- GR Engineering Services' (ASX:GNG) GR Production Services subsidiary won a five-year contract with Sturt Plateau Compression Facility Sub as trustee for the Sturt Plateau Compression Facility Sub Trust, for the provision of operations and maintenance services to the Sturt Plateau Compression Facility in the Northern Territory, according to a Monday filing with the Australian bourse.

The contract has an estimated value of AU$57 million over five years and includes an option to extend the agreement by a further three years, the filing said.

The Sturt Plateau Compression Facility Sub is an entity indirectly owned 50% by Tamboran Resources (ASX:TBN) and 50% by Daly Waters Infrastructure, per the filing.

GR Engineering Services shares rose 1% in morning trade on Monday, while Tamboran Resources shares were down 2%.

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