Kentz awarded Pluto LNG contract - 25 February 2010
London, 25 February 2010 - 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 is pleased to announce the award of the Site Wide Specialist Instrumentation Contract for the Pluto LNG Project following a competitive bid process. This brings the combined value of work secured to date on the project to in excess of AUD $120 million.
The Pluto LNG Project is being developed by Woodside. Woodside has appointed Foster Wheeler Pty Ltd and WorleyParsons Services Pty Ltd, known as FWW, as its Engineering Procurement and Construction manager (EPCM).
The project is located on the Burrup Peninsula in Western Australia and will be developed across two sites – the storage and export site and the LNG processing site. The storage and loading site consists of LNG and condensate storage tanks along with the jetty. The LNG liquefaction train and gas turbines/power distribution facilities will be on the LNG processing site.
Kentz scope of work includes instrument calibrations, testing of instrument loops, testing the electrical network monitoring and control system including all serial loops across both sites. Mobilisation has already commenced.
Ends
For further information please contact:
Evolution Securities Limited (Nomad and Broker)
Tel: +44 (0)20 7071 4300
Rob Collins
Chris Sim
Tim Redfern
Powerscourt (Financial PR advisors)
Tel: +44 (0)20 7250 1446
Elizabeth Rous
Rob Greening
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
