REG-Kentz Corp Ltd Re Contract
Released: 11/12/2008
com:20081211:RnsK8998J
.
RNS Number : 8998J
Kentz Corporation Ltd
11 December 2008
Kentz Group awarded large engineering project in Saudi Arabia
Kentz Group, through its operating unit Kentz Engineering International Limited
("KEIL") and partner Radicon-Gulf Consult ("RGC"), is delighted to announce that
it has been awarded a contract worth in excess of Saudi Riyals 100 million
(US$26 million) for engineering and consultancy services on the development of
approximately 2,000 hectares (ha) of land to the west of Jubail 2, commonly
known as Jubail 2 Stage 4. The award was made by the Royal Commission for Jubail
and Yanbu. The work will commence in early December 2008 and the contract
duration is three years.
The work to be performed by KEIL and RGC includes the provision of studies and
assessments for the necessary engineering design of:
* Infrastructure works (civil and structural);
* Roads;
* Material handling systems;
* Mechanical,electrical and telecom systemspower ( high and lowvoltage);
* Fuel and feedstock systems.
The mandate also includes procurement support and on-site construction support.
Jubail 2 covers an area of 5,500 ha and, with the addition of a further 2,000
ha, will accommodate major primary and secondary petrochemical industries. On
completion, Jubail Industrial City will be one of the largest of its kind in the
world.
Dr. Hugh O'Donnell, CEO of Kentz Group, said: "We are delighted that the Royal
Commission of Jubail has chosen Kentz to assist them in the development of
Jubail 2. We look forward to working with RGC and contributing to the success of
this project."
Ends
For further information please contact:
Evolution Securities Limited (Nomad)
Tel: +44 (0)20 7071 4300
Rob Collins
Tim Redfern
Powerscourt (Financial PR advisors)
Tel: +44 (0)20 7250 1446
Elizabeth Rous
About Kentz
Kentz listed on AIM on 5 February 2008, raising a total of £66.7m (US$ 131.8m)
before costs for the Company and its selling shareholders. The Kentz Group
provides a wide range of engineering and construction services, principally in
the oil services sector. Our core clients include international oil companies,
national oil companies and leading engineering and project management companies
with projects in over 20 countries. Kentz business lines are divided into three
areas, providing specialist engineering, procurement and construction (EPC)
services, construction and technical support services.
Kentz currently has in excess of 10,000 employees worldwide delivering projects
for our core clients in the Middle East, Southern Africa, Australia, Far East
Russia, the Caribbean, South East Asia, USA, Canada and Europe. For operational
purposes the Group divides its operational management centres into four
regions:
* Middle East;
* Africa;
* Arctic Region and New Areas (containing FSU/Russia, the Caspian region and
Canada); and
* Australasia, Europe and the Caribbean.
This information is provided by RNS
The company news service from the London Stock Exchange
END
CNTEBLFFVLBBFBX