CB&I Kentz JV awarded US$2.3 billion construction contract on Gorgon LNG

CB&I Kentz JV awarded US$2.3 billion construction contract on Gorgon LNG

London, Thursday 14 July 2011 - Kentz Corporation Limited (LSE: KENZ), the holding company of the Kentz Engineering and Construction Group, through its Australian operating unit Kentz Pty Ltd, announces the award of a contract, in joint venture with CB&I, for the mechanical, electrical and instrumentation work on the Gorgon Project on Barrow Island, Western Australia.

The contract has been awarded to the CB&I Kentz JV by Chevron Australia and has an estimated value of US$2.3 billion. The contract scope includes the structural, mechanical,
piping, electrical, instrumentation and commissioning support for the construction of three LNG trains, with a total capacity 15 million tonnes per annum, including associated utilities and a domestic gas processing and compression plant.  The work will be performed by CBI Kentz JV, an integrated joint venture between CB&I (65 per cent) and Kentz (35 per cent).
 

The contract will commence immediately and is scheduled to be complete in 2015. The contract will provide more than 1,650 jobs for construction personnel in Western Australia.  There is potential for this number to grow.

Hugh O'Donnell, chief executive of Kentz Group commented: "We are delighted that Chevron has selected the CB&I Kentz JV for this contract on the Gorgon Project, where Kentz already has two teams onsite executing services for this world class facility.  Kentz has built a strong track record in remote and challenging locations and we look forward to integrating with the CB&I team to deliver another safe and successful project." 

The Gorgon Project is operated by an Australian subsidiary of Chevron and is a joint venture of the Australian subsidiaries of Chevron (approximately 47 per cent), ExxonMobil (25 per cent) and Shell (25 per cent), Osaka Gas (1.25 per cent), Tokyo Gas (one per cent) and
Chubu Electric Power (0.417 per cent).

The project will develop the Greater Gorgon gas fields, located between 130km and 200km off the northwest coast of Western Australia.  The Greater Gorgon gas fields, Australia's largest-known gas resource, contain about 40 trillion cubic feet of gas.    


Ends 



For further information please contact: 

Kentz Corporation Limited

Tel: +44 (0)20 3159 4001

Elizabeth Rous

Catríona Nugent

 

Evolution Securities Limited (Nomad and Broker)

Tel: +44 (0)20 7071 4300

Chris Sim

Stuart Andrews

Neil Elliot


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 2010, the company generated revenues of $1.06 billion and profit before tax of $67.5 million.
 

Kentz has over 11,500 employees in 27 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


 


 

 

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