Kentz Awarded US$125m Contract at Qatargas LNG Plant
Kentz Corporation Limited (LSE: KENZ), the holding company of the Kentz Engineering and Construction Group, is pleased to announce the award by Qatargas Operating Company Limited (“Qatargas”) for the turnkey process package of a new wastewater facility located in the Qatargas LNG Plant, Ras Laffan Industrial City, Qatar.
Kentz’s scope of work is to supply process Engineering, Procurement, Installation, Construction, and Commissioning (EPICC) services to deliver wastewater recycling and reduction facilities to four LNG trains. The contract, valued about US$125m, will be performed and executed through Kentz’s Engineering and Projects (E&P) Business Unit. At peak workforce, Kentz will be employing approximately 440 staff and field personnel, with project completion scheduled in 2016.
Tush Doshi, Group President, Engineering and Projects Business Unit, for Kentz commented: “Kentz is extremely happy to be awarded this package and to continue our long-standing relationship with Qatargas. This award signals the continued achievements of our E&P business in the region and reflects the successful outcome of a focused strategy within one of our core markets. All three business units have experienced impressive growth across the Middle East in recent years and we have a very positive outlook across the region.”