REG-Kentz Corp Ltd Re Contract
Released: 23/07/2009
com:20090723:RnsW1291W
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RNS Number : 1291W
Kentz Corporation Ltd
23 July 2009
Kentz wins ADGAS contract
London, 23 July 2009 - Kentz Corporation Limited (LSE: KENZ), the holding
company of the Kentz engineering and construction group, through its operating
unit UTS Kent LLC, is delighted to announce that it has been awarded a contract
worth in excess of US$30 million by Abu Dhabi Gas Liquefaction Company Ltd
(ADGAS), an Abu Dhabi National Oil Company ("ADNOC") Group company. The project
consists of the replacement of the existing control system and associated
electrical and instrumentation devices on Das Island.
The scope of Kentz's work includes the design and detailed engineering,
procurement, installation, construction, pre-commissioning, commissioning and
transfer of the existing field instrumentation to a new control system for the
ADGAS LNG, LPG, Sulphur storage and Jetty Loading facilities which will then be
integrated into the existing systems of the three LNG/LPG processing facilities.
The design team has begun mobilisation and construction completion is scheduled
for 2012.
Dr. Hugh O'Donnell, CEO of Kentz Group, said: "We are delighted to have been
awarded this contract from ADGAS, and look forward to playing a crucial part in
the ongoing development of the exciting project that is underway on Das
Island."
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For more information please contact:
Evolution Securities Limited (Nomad)
Tel: +44 (0)20 7071 4300
Rob Collins
Chris Sim
Tim Redfern
Powerscourt (PR advisors)
Tel: +44 (0)20 7250 1446
Elizabeth Rous
Rob Greening
About Kentz
Kentz is a global engineering specialist solutions provider, which serves a blue
chip client base primarily in the oil and gas, petrochemical and mining and
metals sectors. It is listed on the AIM market of the London Stock Exchange
(symbol: KENZ). In the year ending December 2008, the company generated revenues
of $643.4 million and profit before tax of $40.7 million.
Kentz has over 10,000 employees in 23 countries. Its three main business lines
are; specialist engineering, procurement and construction (EPC) services,
construction, and technical support services. It has a proven track record of
delivering mechanical, electrical, controls and instrumentation engineering,
construction and management services in some of the most remote locations on
earth.
Please find further information on the Kentz website www.kentz.com
This information is provided by RNS
The company news service from the London Stock Exchange
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