Cape plc Cape awarded new contract in South Korea (6396P)
February 22 2016 - 2:00AM
UK Regulatory
TIDMCIU
RNS Number : 6396P
Cape plc
22 February 2016
News Release
22nd February 2016
Cape awarded new contract in South Korea
Cape plc has secured a contract with Samsung Heavy Industries
("SHI") in South Korea for the installation of insulation to the
Cryogenic Pipework on the Process Topside on Shell's Prelude
Floating Liquefied Natural Gas ("FLNG") facility.
The Prelude FLNG facility is a global project with the key
location for fabrication being in Geoje, South Korea. SHI's
shipyard is where the substructure and topsides are currently under
construction and is one of the few dry docks in the world large
enough to undertake the fabrication. Once complete, the Prelude
FLNG facility will be moored 475 kilometres north-east of Broome in
Western Australia. The Prelude FLNG facility is 488m long, 74m wide
and along with its contents, will weigh around 600,000 tonnes. It
will be the largest floating offshore facility in the world.
Commenting on the contract award Joe Oatley, Chief Executive of
Cape, said: "I am delighted that Cape has been able to secure this
contract and that we will be further developing our relationship
with Samsung Heavy Industries. Prelude will be the world's largest
FLNG facility and we are proud to be involved with such a
prestigious 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.
- 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
CNTGGUMUPUPQGAB
(END) Dow Jones Newswires
February 22, 2016 02:00 ET (07:00 GMT)
Cape PLC (LSE:CIU)
Historical Stock Chart
From Mar 2024 to Apr 2024
Cape PLC (LSE:CIU)
Historical Stock Chart
From Apr 2023 to Apr 2024
