Cape plc Cape secures Clair Ridge contract with BP
July 30 2015 - 2:03AM
RNS Non-Regulatory
TIDMCIU
Cape plc
30 July 2015
News Release
30 July 2015
Cape secures Clair Ridge contract with BP
Cape plc, an international leader in the provision of critical
industrial services to the energy and natural resources sectors, is
pleased to extend our current relationship with BP with the award
of a new Clair Ridge contract for GBP9.8m, with further future
phases added over the next 18 months.
Clair Ridge, 75km west of Shetland, is the second phase of
development within the Clair field - the largest undeveloped
hydrocarbon resource on the UKCS. The contract is in support of the
hook-up and commissioning of BP's two new bridge-linked Clair Ridge
platforms. Effective from July 2015, the contract will secure
around 170 jobs for Cape employees through the provision of core
services including access, insulation, coating, passive fire
protection and platform services for the Clair Ridge hook-up
work.
Joe Oatley, Chief Executive, Cape plc: "We are delighted to be
awarded this further contract by BP. Cape has a longstanding
relationship with BP and we look forward to continuing to work with
this important client to deliver our critical industrial services
to this 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 +44 (0) 207 466 5000
Bobby Morse, Ben Romney
This information is provided by RNS
The company news service from the London Stock Exchange
END
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