Cape plc Cape secures two year contract with BP (9430L)
May 01 2015 - 2:00AM
UK Regulatory
TIDMCIU
RNS Number : 9430L
Cape plc
01 May 2015
News Release
1 May 2015
Cape secures two year 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 two year contract with an estimated value of GBP100
million.
This contract will secure around 500 jobs for Cape employees as
we provide a range of our core services, including access,
insulation, coating, passive fire protection and platform services
on six North Sea assets and the Forties Pipeline Systems.
Joe Oatley, Chief Executive, Cape plc: "We are delighted to be
awarded this further contract by BP, which will allow us to
continue to invest in our people through our apprentice, intern and
graduate programmes. 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 across their
assets in the North Sea".
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
Rachel Amey, Director of Investor Relations +44 (0) 1895 459 965
Buchanan +44 (0) 207 466 5000
Bobby Morse, Ben Romney, Jason Day
This information is provided by RNS
The company news service from the London Stock Exchange
END
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