Kentz wins Qatar Petroleum contract - 01 February 2010
London, 1 February, 2009 – Kentz Corporation Limited (LSE: KENZ), the holding company of the Kentz engineering and construction group, through its operating unit Qatar Kentz WLL is pleased to announce that it has been awarded a multi-million dollar contract for engineering support services by Qatar Petroleum (QP).
The contract is to provide engineering support services for QP’s offshore operations for plant change requests and engineering studies.
The scope of the project includes all engineering disciplines inclusive of process, mechanical, piping, structural, pipeline, electrical and instrumentation. The project is expected to run for five years and commenced in November 2009.
Kentz was awarded its first project by QP in 1997 and since then has executed numerous EPC projects on QP's assets. It is currently working on the design, procurement and construction of the electrical systems for the groundbreaking Sidra Medical and Research Centre in Doha, which is managed by Qatar Petroleum.
Dr. Hugh O'Donnell, CEO of Kentz Group, said: "We are thrilled to have been awarded a further contract by Qatar Petroleum, this time for our engineering support services. We look forward to contributing to the success of this project and continuing our work with QP across each of our business lines.”
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Tim Redfern
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Rob Greening
About Kentz
Kentz is a global engineering contractor, 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 23 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
