LONDON-- Construction and support services group Carillion PLC
(CLLN.LN) Tuesday said it is trading in line with expectations as
it announced a contract by oil group BP PLC (BP.LN) in Oman worth
around 80 million pounds ($124.2 million).
The contract to build the operational base and accommodation
complex for BP's Khazzan gas project is expected to start in
September 2015 and is scheduled for completion in mid 2017.
Carillion said it is leaving its full year expectations
unchanged after a significant increase in first half revenue.
"Having entered 2015 with record revenue visibility, the Group
continues to be in a strong position to deal with the inevitable
effects of the U.K. General Election on the pace of contract
awards, which has slowed, as expected, in the first half of the
year," the company said.
"Therefore, with a strong order book, a growing pipeline of
contract opportunities and the prospect of market conditions
continuing to improve, our expectations for 2015 and for the
medium-term remain unchanged," it added.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
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