Avingtrans PLC JGC Gulf International contract win
November 04 2015 - 02:00AM
RNS Non-Regulatory
TIDMAVG
Avingtrans PLC
04 November 2015
4 November 2015
Avingtrans Plc
("Avingtrans" or the "Company" or the "Group")
Maloney Metalcraft secures JGC Gulf International contract
Avingtrans (AIM:AVG), which designs, manufactures and supplies
critical components, modules and associated services to the
aerospace, energy and medical sectors is pleased to announce that
Maloney Metalcraft, part of Avingtrans plc's Energy and Medical
Division, has secured a $2 million contract with JGC Gulf
International Co. Ltd. to supply gas treatment packages.
The Saudi Arabian Oil Company (Saudi Aramco) - the state-owned
oil company of the Kingdom of Saudi Arabia and the world's top
exporter of crude oil and natural gas liquids - is developing
infrastructure for processing shale formation gas (unconventional
gas) from the Jalamid field in the Al-Jouf and Northern Border
Regions in the northwest part of Saudi Arabia. The first phase of
this project (System "A") will involve gathering gas from the
ST-53A area of these fields, routing it to an engineered surface
facility location, then transporting it about 30 km via pipeline to
a customer.
The contract with JGC Gulf International, which is contracted by
Saudi Aramco, covers the initial four gas treatment separation
& filtration packages in System A. System B of the Project will
be EPC tendered in Q2 2016, requiring 4 times the number of
packages as System A. As well as bidding for System B, Maloney
Metalcraft also anticipates the opportunity to pursue additional
gas processing equipment work.
Austen Adams, managing director of Avingtrans' Energy and
Medical division, said: "The challenges faced by the oil and gas
industries are well documented but this contract, our first shale
gas project, demonstrates that new business opportunities are
available for companies with the recognised experience and
expertise necessary to design and build performance critical
components.
"We are delighted to be supplying Saudi Aramco on this shale gas
project and we look forward to working with them in the
future."
Enquiries:
Avingtrans plc Tel: 01159
Steve McQuillan, Chief Executive 499 020
Officer
Stephen King, Chief Financial
Officer
Numis Tel: 0207
David Poutney (Corporate Broking) 260 1000
Richard Thomas (Corporate Finance
and Nominated Adviser)
Newgate (Financial PR) Tel: 020 7653
Adam Lloyd 9850
Ed Treadwell
About Avingtrans
Avingtrans plc is engaged in the provision of highly engineered
components, modules and services to the Aerospace, Energy and
Medical markets worldwide.
The business is made up of two divisions
Aerospace, engaged in the manufacture of rigid pipe assemblies,
fabrications and prismatic components - both metallic and composite
- for the global aerospace market and precision polishing of
aircraft components and;
Energy and medical, engaged in the design and manufacture of
machined and fabricated pressure and vacuum vessels and process
plant and equipment for the power, oil & gas and medical
markets. Plus, design and manufacture of fabricated poles and
cabinets for roadside safety cameras and rail track signalling.
About Saudi Aramco
Saudi Aramco is the state-owned oil company of the Kingdom of
Saudi Arabia and a fully integrated, global petroleum and chemicals
enterprise. The company is a leader in hydrocarbons exploration,
production, refining, distribution, shipping and marketing, and the
world's top exporter of crude oil and natural gas liquids (NGLs).
Saudi Aramco is headquartered in Dhahran, Saudi Arabia, with
offices and operations throughout the Kingdom, employing more than
61,000 workers worldwide from 77 countries.
http://www.saudiaramco.com/en/home.html
This information is provided by RNS
The company news service from the London Stock Exchange
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