COST Costain Group Plc

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RNS Number : 5417N

Costain Group PLC

29 July 2014

Costain Group PLC

("Costain" or "the Group")

Costain Wins EPC Contract Extension with Perenco

Costain, the engineering solutions provider, has been appointed by independent oil & gas company Perenco to deliver Engineering, Procurement and Construction ('EPC') services for the environmental upgrade of the Dimlington gas terminal on Humberside.

The contract is worth approximately GBP30 million to Costain, and demonstrates the successful progress made in the development of Costain's offering in complex oil & gas services. The project will involve the upgrade of Perenco's refrigeration system at Dimlington to ensure it complies with new environmental legislation coming into force on 1 January 2015. It builds upon the innovative Front End Engineering Design ('FEED') solution Costain previously delivered for Perenco after the Group's original appointment in 2012.

Andrew Wyllie, Chief Executive of Costain, commented:

"We continue to expand our capabilities in complex design and procurement in the oil & gas sector. Building on the innovative FEED solutions already provided, we now look forward to delivering the implementation phase of this investment in energy provision for the UK."

29 July 2014

Enquiries:

 
Costain                         Tel: 01628 842 444 
Andrew Wyllie, Chief Executive 
Tony Bickerstaff, Finance 
 Director 
Graham Read, Communications 
 Director 
 
Instinctif Partners             Tel: 020 7457 2020 
Mark Garraway 
Helen Tarbet 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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