Kentz awarded US$30 million contract by GASCO - 26 January 2011
London, 26 January 2011 - Kentz Corporation Limited (LSE: KENZ), the holding company of the Kentz Engineering and Construction Group, through its operating unit UTS Kent LLC, is delighted to announce the award of an Engineering, Procurement and Construction (EPC) contract worth in excess of US$30million by Abu Dhabi Gas Industries Ltd (GASCO).
Kentz’s scope of work is to replace the existing emergency shutdown (ESD) system and associated field instrumentation at Habshan 0 and Habshan 1 plants. The works will be completed throughout two major shutdowns scheduled in 2011 and 2012. The total duration of the project is approximately 30 months, starting from January 2011.
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Kentz has been operating in Abu Dhabi for almost 30 years and has worked with GASCO on other projects including Ruwais Distributed Control System (DCS) Upgrade, Thamamma “C” Instrumentation and Control (I&C) System Upgrade and more recently Habshan 3 Electrical, Instrumentation and Telecommunications (E&IT) construction.
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Dr. Hugh O'Donnell, chief executive of Kentz, commented: “Kentz is delighted to have been awarded this exciting new EPC project in Abu Dhabi. The nature and criticality of this brownfield project has traditionally been a core competency of Kentz and we look forward to completing another successful project with GASCO.”
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For further information please contact:
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Kentz Corporation Limited
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Tel: +44 (0)20 3159 4001
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Elizabeth Rous
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Catríona Nugent
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Evolution Securities Limited (Nomad and Broker)
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Tel: +44 (0)20 7071 4300
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Rob Collins
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Chris Sim
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Tim Redfern
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About Kentz
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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 2009, the company generated revenues of $704.7 million and profit before tax of $44.5 million.
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Kentz has over 10,000 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.
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Please find further information on the Kentz website www.kentz.com
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