REG-Kentz Corp Ltd Re Contract
Released: 29/10/2009
com:20091029:Rnsc5431B
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RNS Number : 5431B
Kentz Corporation Ltd
29 October 2009
Kentz awarded Ras Laffan EPC contract from Qatargas
London, 29 October 2009 - Kentz Corporation Limited (LSE: KENZ), the holding
company of the Kentz engineering and construction group, through its operating
unit Qatar Kentz WLL, has been awarded a multi-million dollar contract for the
engineering, procurement and construction of the receiving and loading facility
project for Laffan Refinery Co. in Ras Laffan Industrial City, Qatar.
The scope of work includes full site development of the main fuel truck
distribution point for the Laffan Refinery Tank Farm, and the installation of
the interconnecting pipelines between the tank farm, loading facility and the
Ras Laffan jetty. Kentz is responsible for process design, storage facilities,
custody metering and loading facilities on a turnkey basis. The project is
scheduled for completion in 2011. On completion the facility will be handed over
to WOQOD (Qatar Fuel), which will operate and maintain the facility and service
its domestic customer base.
The contract has been awarded to Kentz by Qatargas, which is a subsidiary of
Qatar Petroleum. Qatargas has a number of international oil company partners in
various projects in the Ras Laffan area.
Dr. Hugh O'Donnell, chief executive of Kentz, said: "The award of this EPC
package reflects the confidence that this major client has in Kentz's ability to
deliver critical and complex projects. We have mobilised our project team and
look forward to carrying out another successful project for Qatar Petroleum and
its partners in Qatar".
Kentz currently has 4,000 employees in Qatar, servicing contracts for Qatar
Petroleum, Shell, Qatar Foundation, QATARGAS, JGC-KBR JV, Linde,
Chevron-Philips, RasGas, Technip and Fluor.
For further information please contact:
Evolution Securities Limited (Nomad and Broker)
Tel: +44 (0)20 7071 4300
Rob Collins
Chris Sim
Tim Redfern
Powerscourt (Financial 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 26 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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