Cape plc Cape awarded maintenance contract in Azerbaijan (8034J)
December 22 2015 - 2:00AM
UK Regulatory
TIDMCIU
RNS Number : 8034J
Cape plc
22 December 2015
News Release
22 December 2015
Cape awarded maintenance contract in Azerbaijan
Cape plc, an international leader in the provision of critical
industrial services to the energy and natural resources sectors, is
pleased to announce its SOCAR Cape joint venture has been awarded a
two year extension contract by BP for the provision of Fabric
Maintenance Services at its onshore and offshore assets in
Azerbaijan. The contract has an estimated value of over $90
million.
Joe Oatley, Chief Executive of Cape, said: "We are delighted to
announce the award of this contract extension which demonstrates
BP's confidence in the quality and efficiency of the services
provided by our SOCAR Cape joint venture."
Cape notes the recent announcement of the devaluation of the
manat. It is too early to determine the effect of this devaluation
on the Azerbaijan economy and the SOCAR Cape joint venture remains
focused on delivering a high quality and safe service to all of its
customers within the country.
About Cape:
Cape (www.capeplc.com), which is premium listed on the main
market of the London Stock Exchange, is an international leader in
the provision of critical industrial services principally to the
energy and natural resources sectors. Our multi-disciplinary
service offering includes access systems, insulation, specialist
coatings, passive fire protection, refractory linings,
environmental services, oil and gas storage tanks and heat
exchanger replacement and refurbishment. Cape employs over 17,000
people working across 21 countries and in 2014 reported adjusted
revenue of GBP698.3 million.
- End -
Enquiries
Cape plc
Joe Oatley, Chief Executive +44 (0) 1895 459 979
Michael Speakman, Chief Financial Officer +44 (0) 1895 459 979
Buchanan
Bobby Morse, Ben Romney, Helen Chan +44 (0) 207 466 5000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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