REG - Costain Group PLC - Re Contract <Origin Href="QuoteRef">COSG.L</Origin>

CostainAnnouncement

06/09/2014 02:01

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RNS Number : 0937J
Costain Group PLC
09 June 2014 
 
Costain Group PLC 
 
("Costain" or "the Group") 
 
Costain wins further Barrow Gas Terminals contract with Centrica Energy 
 
Costain, one of the UK's leading engineering solutions providers, is pleased
to announce that it has won a contract with Centrica Energy for the provision
of Engineering Procurement and Construction (EPC) services as part of Centrica
Energy's Barrow Gas Terminals Project. The Barrow Terminals Project represents
a total investment of £84m by Centrica Energy. 
 
At Barrow, gas is processed from the North and South Morecambe and surrounding
fields in the East Irish Sea. The terminals project, which is scheduled to
complete in Q4 2015, enables increased asset utilisation, provides compliance
with future environmental requirements and supports field life extension
within the East Irish Sea. Costain initially provided Centrica Energy with a
Front End Engineering Design (FEED) review in relation to the project at the
Barrow onshore terminals, and is now looking forward to supporting the
customer through to full onsite implementation. 
 
Andrew Wyllie, Chief Executive of Costain, commented: 
 
"The Barrow Gas Terminals provide enough gas to meet the demand for 1.5
million homes in the UK and are key to securing the nation's future energy
needs. Having previously provided Centrica Energy with front end consultancy
for the terminals project, we are now delighted to build on our five-year
collaboration with the company with this further contract." 
 
9 June 2014 
 
Enquiries: 
 
 Costain                               Tel: 01628 842 444  
 Andrew Wyllie, Chief Executive                            
 Tony Bickerstaff, Finance Director                        
 Graham Read, Communications Director                      
                                                           
 Instinctif Partners                   Tel: 020 7457 2020  
 Mark Garraway                                             
 Helen Tarbet                                              
 
 
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