Kentz Awarded US$190 Million Contract with Qatar Petroleum
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
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
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,
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