Kentz Engineers and Constructors - ADIPEC Background Note

News provided by

Kentz Corporation Limited

10 Nov, 2013, 02:00 GMT

LONDON, November 10, 2013 /PRNewswire/ --

Sunday 10 November - Wednesday 13 November 2013

Kentz Overview

Kentz is a global engineering specialist solutions provider, which serves a blue-chip client base 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 2012, the company generated revenues of US$1.56 billion and profit before tax of US$104.8 million.

Kentz has over 14,500 employees in 30 countries. Its three main business lines are; Engineering, Procurement and Construction (EPC) services; Construction; and Technical Support Services (TSS). Kentz delivers mechanical, electrical, controls and instrumentation engineering, construction and management services safely and on time throughout the world, including some of the most remote locations on earth.

Q3 2013 Engineering, Procurement and Construction (EPC) awards in Abu Dhabi

Kentz Corporation Limited (LSE: KENZ), the holding company of the Kentz engineering and construction group ,is pleased to announce the award of two contracts in the Middle East region for its Engineering, Procurement and Construction (EPC) Business Unit.

Abu Dhabi Gas Industries Limited ("GASCO") has awarded Kentz with a contract for the replacement of the existing control system and associated electrical and instrumentation services in the onshore oil fields of Habshan. The scope covers the full range of multi-discipline engineering and construction disciplines with upgrades to the injection compressors, including replacement of the existing control system with up-to-date technology, compressor auxiliary panels and gas turbine field instrumentation.

The second contract is for a new client in Abu Dhabi, and has been awarded as part of an ongoing agreement, whereby Kentz shall execute multiple scopes under the management of a specialist contractor. The scope allows for Kentz to provide multi-discipline engineering and construction services.

Tush Doshi,COO of the EPC Global Business Unit for Kentz,commented at the time of the awards:  "We are delighted to have won a new client in the Middle East and to secure a further contract with GASCO. Repeat business is a key aspect of our business winning process and a further award from GASCO demonstrates our ability to achieve this. We look forward to working with the new client's team and beginning this new relationship with them. As outlined in our Interim Results, EPC continues to afford us a lot of opportunities across the world and our strategic changes to this unit are showing results with these further contracts in the Middle East, in addition to the recent awards in Southern Africa."

Outlook for Kentz in the Middle East

"2013 saw a drive in opportunities in the Middle East for Kentz; with a focus for us on those investing in world-class assets where our engineering expertise, safety record, and credentials delivering for blue-chip clients are highly sought and our long-standing presence in the region is highly valued.    

"In looking how to service our customers through 2014 we expect to see the continued need to be 'there' when we are required, with the right service, and the right people, working safely to timely delivery."

Christian Brown, Chief Executive Officer

Enhanced Regional Capabilities

"We have worked hard on building our in-house process engineering capabilities in the region and have achieved a strong multi-discipline offering for both on and off shore. Abu Dhabi has become a major regional hub for Kentz and we look forward to continuing our fourth decade in the region. There are many exciting projects underway and ADNOC continues to innovate and grow production."        

Shane Dooley Cullinane, Regional Managing Director, Middle East

Global Project Profiles


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