Kentz consortium awarded US$58m contract in Colombia by CB&I

abarrelfullabarrelfull wrote on 03 May 2013 06:57
Tags: colombia ecopetrol engineering kentz refinery s-america

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Kentz Corporation Limited (LSE: KENZ), the holding company of the Kentz engineering and construction group, is pleased to announce the award of electrical and instrumentation installation works by CB&I for the Reficar Refinery Expansion Project in Cartagena, Colombia.

Kentz Caribbean Sucursal Colombia, in consortium with local companies GMP and MASA will execute the electrical and instrumentation installation works for the process units on the new 165,000 bpd refinery expansion project at the Reficar refinery in Cartagena, Colombia. The duration of the contract is 15 months, with a value of approximately 107 billion Colombian Pesos (approx. US$58m) and estimated peak manpower levels of over 750. The contract will be executed through the Construction business unit.

Christian Brown, Chief Executive Officer of Kentz commented: "This is an excellent example of how we can leverage our capabilities and relationships to further expand our business. This contract is our first in Colombia and it demonstrates our ability to expand into new countries and regions. It also highlights the strength of our relationships with key clients. We are delighted to continue our association with CB&I who we have successfully worked with in other parts of the world."

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