com:20080826:RnsZ9347B
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RNS Number : 9347B  
  
Kentz Corporation Ltd  
  
26 August 2008  
  
KentzSMNM awarded Sakhalin contract with Fluor  
  
Tuesday, 26 August 2008 - KentzSMNM LLC, the Sakhalin-based company comprised of 
Kentz Russia and SakhalinMorNetfeMontazh(SMNM), is pleased to announce the award 
of a civil engineering contract to provide site development, piling and road 
construction services with Fluor Daniel Eurasia Incorporated (FDEI).  
  
The contract is to build a new 15 kilometre road to service the well site 
associated with Exxon Neftegas Limited's (ENL) Sakhalin-1 Odoptu development on 
the east coast of Sakhalin Island. The project also includes site clearance and 
development work in preparation for the relocation of ENL's Chayvo-based Yastreb 
drill rig and Interim Production Facility.  
  
Kentz Russia is the Russian operations arm of Kentz Engineers and Constructors 
group. It specialises in multi-discipline projects in the oil and gas industry. 
SMNM is a leading construction contractor in civil and mechanical disciplines 
and is part of the Rosneft group.  Kentz and SMNM first co-operated together in 
2003.  
  
Dr. Hugh O'Donnell, the Chief Executive of Kentz Group, said: "We are delighted 
to be working with Fluor and Exxon Neftegas on this prestigious development and 
we look forward to bringing the strengths of both Kentz and SMNM companies 
together to deliver the highest quality solution-driven service."  
  
Vyacheslav Musaev, General Director of SMNM, added: "This contract award is a 
significant event for SMNM and builds upon our decade-long history of working 
diligently on the Sakhalin-1 Project with Exxon Neftegas Limited and Fluor 
Daniel Eurasia Inc, leaders in the oil and gas industry. It is our considered 
opinion that the joint activities of Kentz and SMNM on this project will 
strengthen the existing partnership relations between our two companies, give an 
impetus to improve further work performance quality, and allow us to develop and 
implement the latest technologies that will guarantee further mutually 
advantageous cooperation between the partnership and our clients".  
  
Evolution Securities Limited (Nomad)  
  
Rob Collins  
  
Tim Redfern  
  
Tel: +44 (0)20 7071 4300  
  
Powerscourt (Financial PR advisors)  
  
Elizabeth Rous  
  
Tel: +44 (0)20 7250 1446  
  
 
This information is provided by RNS  
  
The company news service from the London Stock Exchange  
  
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