CIU Cape

TIDMCIU

RNS Number : 9282D

Cape plc

30 October 2015

News Release

30 October 2015

Cape awarded new contract in Australia

Cape plc, an international leader in the provision of critical industrial services to the energy and natural resources sectors, has secured a two year contract with Woodside in Western Australia.

The new contract has been awarded to a 50/50 joint venture between Cape and UGL for services on the Woodside operated Karratha Gas Plant Life Extension Program. Services to be provided include the detailed planning and execution of access, fire protection application, blasting and painting, cladding and insulation, mechanical, pipe-spool equipment replacement and electrical services. The contract is for a two year period with work expected to commence on site at the beginning of 2016.

Located 1,260 kilometres north of Perth, Western Australia and covering approximately 200 hectares, the Karratha Gas Plant includes five LNG processing trains, two domestic gas trains, six condensate stabilisation units, three LPG fractionation units as well as storage and loading facilities for LNG, LPG and condensate. The plant has the capacity to produce 12,000 tonnes of domestic gas per day.

Joe Oatley, Chief Executive of Cape, said: "We are delighted to announce the award of this new contract with Woodside which was won through our innovative approach and combined service offering with our contract partner, UGL. Woodside is an important client and we look forward to working with them closely to deliver safe and efficient service on this extensive project."

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.

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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

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