More contract success for Kentz in Western Australia

More contract success for Kentz in Western Australia

London, 14 October 2009 - Kentz Corporation Limited (LSE: KENZ), the holding company of the Kentz Engineering and Construction Group,through its Australian joint venture operating company Thiess Kentz Pty Ltd., has been awarded two contracts with a combined value ofaround AUD $109million in Western Australia. The value attributable to Kentz is 50 per cent of the JV. 

Pluto

The first contract is on the LNG processing site at Woodside Petroleum's Pluto LNG Project. The scope of work involves the installation and testing of high voltage cabling, switchboards, transformers, UPS systems, instrument control system cabinets, motor control stations, field panels, lighting and small power, trace heating, process instrumentation, fire and gas detection and protection devices, above ground cabling, earthing and bonding, as well as the recovery and termination of cables installed underground. The work will be carried out on pre-assembled units and pre-assembled pipe racks.

The contract is worth AUD $86 million and will run for approximately 10 months, starting in October 2009. It will require a total workforce of 300, of which 65 will be made up of management and support staff.

Gorgon

The second contract is with Thiess Pty Ltd.on the Gorgon Project sitefor the electrical works that will be used in the preparation of the site and its temporary construction facilities. The scope of work includes the installation of over 100km of high voltage and low voltage cabling, diesel generators, packaged substations, ring main units, lighting and general earthing throughout the site.

 The contract is worth approximately AUD $23million, and the work is scheduled to commence in the first half of 2010, with a planned completion date in the second half of 2011. The contract follows on from Kentz's previous awards to build the construction village (AUD $500 million) and supply the telecommunications (AUD $150 million) on BarrowIsland.

 Dr. Hugh O'Donnell, chief executive of Kentz,said:"We are delighted to be playing such a significant role in these two high profile LNG projects. The awards underline the enormous potential that we see for the Australasian LNG market, as well as Kentz's ability to operate successfully in this sector and this geography."

Kentz has been working on projects in Western Australia for more than 20 years, supplying services to most of the major oil and gas developments. It currently employs approximately 200 Australian staff, through its construction arm Thiess Kentz, on a number of projects across Australia.

 

Ends 

 

For more information please contact:

Evolution Securities Limited (Nomad and broker )    

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 Pluto

Woodside Petroleum's Pluto LNG Project is a "Greenfield" project consisting of a 4.3mtpa LNG plant on the BurrupPeninsula, about1400km north of Perth.It will receive gas from wells in the Pluto gas field, which is approximately 180km away from the onshore facility. The Pluto gas plant is located adjacent to (but independent of) the existing North West Shelf Venture gas plant.

 

About Gorgon

The Gorgon Project is a joint venture between the Australian subsidiaries of Chevron (Operator), ExxonMobil and Shell, to develop the Greater Gorgon gas fields, located between 130km and 200km off the north-west coast of Western Australia. The Greater Gorgon gas fields contain resources of about 40 trillion cubic feet of gas, Australia's largest-known gas resource.

 

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

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