29th Jul 2014 08:17
LONDON (Alliance News) - Costain Group PLC said Tuesday that it has extended its contract with independent oil and gas Perenco to deliver engineering, procurement and construction services for the environmental upgrade of the Dimlington gas terminal on Humberside.
The engineering services provider said that the contract is worth approximately GBP30 million and will involve the upgrade of Perenco's refrigeration system at Dimlington to ensure it complies with new environmental legislation coming into force on January 1, 2015.
Costain said the contract extends on the front end engineering design solution it has previously delivered to Perenco after its original appointment in 2012.
Shares in Costain were Tuesday trading 0.57% higher at 266.50 pence per share.
By Alice Attwood; [email protected]; @AliceAtAlliance
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