(KENZ.L) Kentz Corporation Ltd Buy/Sell

RNS Number : 5431B Kentz Corporation Ltd 29 October 2009

Kentz awarded Ras Laffan EPC contract from Qatargas

London, 29 October 2009 - Kentz Corporation Limited (LSE: KENZ), the holding company of the Kentz engineering and construction group, through its operating unit Qatar Kentz WLL, has been awarded a multi-million dollar contract for the engineering, procurement and construction of the receiving and loading facility project for Laffan Refinery Co. in Ras Laffan Industrial City, Qatar.

The scope of work includes full site development of the main fuel truck distribution point for the Laffan Refinery Tank Farm, and the installation of the interconnecting pipelines between the tank farm, loading facility and the Ras Laffan jetty. Kentz is responsible for process design, storage facilities, custody metering and loading facilities on a turnkey basis. The project is scheduled for completion in 2011. On completion the facility will be handed over to WOQOD (Qatar Fuel), which will operate and maintain the facility and service its domestic customer base.

The contract has been awarded to Kentz by Qatargas, which is a subsidiary of Qatar Petroleum. Qatargas has a number of international oil company partners in various projects in the Ras Laffan area.

Dr. Hugh O'Donnell, chief executive of Kentz, said: "The award of this EPC package reflects the confidence that this major client has in Kentz's ability to deliver critical and complex projects. We have mobilised our project team and look forward to carrying out another successful project for Qatar Petroleum and its partners in Qatar".

Kentz currently has 4,000 employees in Qatar, servicing contracts for Qatar Petroleum, Shell, Qatar Foundation, QATARGAS, JGC-KBR JV, Linde, Chevron-Philips, RasGas, Technip and Fluor.

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

This information is provided by RNS The company news service from the London Stock Exchange

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