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

CostainAnnouncement

06/09/2014 22:28

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RNS Number : 5417N
Costain Group PLC
29 July 2014 
 
Costain Group PLC 
 
("Costain" or "the Group") 
 
Costain Wins EPC Contract Extension with Perenco 
 
Costain, the engineering solutions provider, has been appointed by independent
oil & gas company Perenco to deliver Engineering, Procurement and Construction
('EPC') services for the environmental upgrade of the Dimlington gas terminal
on Humberside. 
 
The contract is worth approximately £30 million to Costain, and demonstrates
the successful progress made in the development of Costain's offering in
complex oil & gas services. The project will involve the upgrade of Perenco's
refrigeration system at Dimlington to ensure it complies with new
environmental legislation coming into force on 1 January 2015. It builds upon
the innovative Front End Engineering Design ('FEED') solution Costain
previously delivered for Perenco after the Group's original appointment in
2012. 
 
Andrew Wyllie, Chief Executive of Costain, commented: 
 
"We continue to expand our capabilities in complex design and procurement in
the oil & gas sector. Building on the innovative FEED solutions already
provided, we now look forward to delivering the implementation phase of this
investment in energy provision for the UK." 
 
29 July 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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