Kentz Awarded US$190 Million Contract with Qatar Petroleum PR Newswire LONDON, November 20, 2013 LONDON, November 20, 2013 /PRNewswire/ -- Kentz Corporation Limited (LSE:KENZ), the holding company of the Kentz engineering and construction group, is pleased to announce the award by Qatar Petroleum (QP) for the engineering, procurement, installation and commissioning for wellhead industrial control systems, alongside corrosion protection, for approximately 775 wells across the Dukhan Oilfield, Qatar. The contract, valued at US$190 million, builds on Kentz's previous working relationship with QP and will be executed by the Engineering, Procurement and Construction (EPC) Business Unit, running for the duration of three years through to 2016. The peak workforce will consist of 800 staff and field personnel. Kentz will provide a dedicated Supervisory Control and Data Acquisition (SCADA) network infrastructure to monitor wellheads from designated stations; providing centralised real time and historical wellhead data directly into QP's IT network. Kentz's scope of work also includes the prevention of external corrosion damage to the well casings in the Dukhan field by installing an impressed current cathodic protection system. Tush Doshi, Chief Operating Officer, EPC Business Unit for Kentz, commented: "Kentz was awarded its first project with QP in 1997 and since then has continued to execute numerous EPC projects, engineering and enhancing QP's assets. We take great pride in this significant award. The past year has seen a huge progression in our engineering offering as we implement our 2013 & Beyond strategy and we are confident of continued strong bidding in EPC." For further information see the Kentz website http://www.kentz.com About Kentz Kentz is a global engineering specialist solutions provider, which serves a blue-chip client base in the oil and gas, petrochemical and mining and metals sectors. It is listed on the London Stock Exchange (symbol: KENZ). In the year ending December 2012, the company generated revenues of US$1.56 billion and profit before tax of US$104.8 million. Kentz has over 14,500 employees in 30 countries. Its three main business lines are; Engineering, Procurement and Construction (EPC) services; Construction; and Technical Support Services (TSS). Kentz delivers mechanical, electrical, controls and instrumentation engineering, construction and management services safely and on time throughout the world, including some of the most remote locations on earth. Contact: Contact: Kentz Corporation Limited: Investors: Ronan Tyrrell, +44(0)203-159-4004, firstname.lastname@example.org. Media: Paul Youens, +44(0)20-3159-4003, email@example.com
Kentz Awarded US$190 Million Contract with Qatar Petroleum
Press spacebar to pause and continue. Press esc to stop.