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Cape Announces Multiple Contract Awards in Qatar

Source: www.gulfoilandgas.com 6/12/2009, Location: Middle East

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Cape PLC, the international provider of essential support services to the energy and natural resources sectors, is pleased to announce new and renewed contracts in the Middle East valued at up to US$37.0 million. The contracts are:

- A fully integrated multi-discipline maintenance contract to supply access, insulation, fireproofing, refractory, painting & general civil work to Qatargas's onshore and offshore facilities. This substantial contract, with a maximum value of US$22.5 million, begins immediately with a duration of three years. There is also a provision within the contract for a two-year extension through to mid 2014.

Qatargas is currently exporting 10 million tonnes per annum of Liquefied Natural Gas (LNG) from the existing three LNG trains to customers in Japan and Spain. Qatargas is undergoing a period of rapid expansion which, when completed in 2010, will see it exporting 42 million tonnes per annum to markets in Europe, Asia and North America.

- A multi-discipline contract to supply access and insulation works on the ORYX Gas to Liquids (GTL) plant in Qatar. The contract commences on 14 June 2009 with a duration of three years and a maximum value of US$9.0 million.

ORYX GTL is a joint venture between Qatar Petroleum and Sasol of South Africa. Cape has been commissioned to work on the first of a series of planned GTL production facilities contributing to the State of Qatar's stated ambition of becoming the GTL capital of the world.

- A multi-discipline contract to supply access and insulation works to C B & I for the Tank construction on the Shell Pearl GTL plant within Qatar. The contract commences in August 2009 with a duration of nine months and a maximum value of US $5.5 million.

Pearl GTL will be the world's largest plant converting natural gas into 140,000 barrels per day of clean-burning liquid transport fuel and other products. The project will also produce 120,000 barrels of oil equivalent per day of natural gas liquids and ethane.

Martin May, Chief Executive of Cape plc, commented:
'These contracts demonstrate the value to clients of Cape's bundled services proposition and our strength across our international footprint. We look forward to helping our clients unlock further value through our integrated approach across the life cycle of their assets.'

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Related Categories: Civil Works  Civil Works - Finishing works  Construction Contractors  Electrical Works  Engineering Procurement and Construction (EPC)  Engineering Procurement and Construction Management (EPCM)  General  Mechanical Works  Pipe Lines Installations  Steel Works 

Related Articles: Civil Works  Civil Works - Finishing works  Construction Contractors  Electrical Works  Engineering Procurement and Construction (EPC)  Engineering Procurement and Construction Management (EPCM)  General  Mechanical Works  Pipe Lines Installations  Steel Works 


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