RNS Number : 4824R
Kentz Corporation Ltd
04 November 2011
Kentz awarded Papua New Guinea Contract
London, 4th November 2011: Kentz Corporation Limited, the holding company of the Kentz Engineering and Construction Group, confirms that it has entered into a contract with the CBI Clough Joint Venture to execute the Electrical and Instrumentation, Construction and Commissioning Completions contract for the Papua New Guinea (PNG) LNG Project Hides Gas Conditioning Plant.
The PNG LNG Project is an integrated development that includes natural gas production and processing facilities, onshore and offshore pipelines and liquefaction facilities with the capacity of 6.6 million tonnes per year.
Participating interests in the PNG LNG Project include Esso Highlands Limited as operator (a subsidiary of Exxon Mobil Corporation, 33.2 per cent), Oil Search Limited (29.0 per cent), National Petroleum Company PNG (PNG Government, 16.6 per cent), Santos Limited (13.5 per cent), Nippon Oil & Gas Exploration (4.7 per cent), Mineral Resources Development Company (PNG landowners, 2.8 per cent) and Petromin PNG Holdings Limited (0.2 per cent).
Hugh O'Donnell, Chief Executive Officer for Kentz commented: "We are delighted to continue working with the CBI Clough Joint Venture in Papua New Guinea. We look forward to being part of a successful project completion in the region."
For further information please contact:
Kentz Corporation Limited
Tel: +44 (0)20 3159 4001
Evolution Securities Limited
Tel: +44 (0)20 7071 4300
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 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 28 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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