7th Nov 2006 07:02
Cape PLC07 November 2006 Cape PLC ("Cape" or the "Company") Contract win Cape PLC (AIM:CIU) the international provider of essential support services to the energy sector, is pleased to announce a significant new contract award on the South Hook LNG terminal in Milford Haven. The contract to provide the common user access service for the construction ofthe main process unit on phase 1 of the South Hook LNG Terminal, has nowcommenced and is due to be completed by the winter of 2007/8. It complementsother work already won on the site by Cape, including the installation of thecryogenically insulated bases of the five giant LNG storage tanks. Situated in a natural deepwater harbour easily accessed by large LNG tankers,the South Hook terminal will have the capacity to meet some 20% of the UK'scurrent gas consumption. The facility will be owned and operated by South HookLNG Terminal Company Ltd which is a joint venture between subsidiaries of QatarPetroleum (70%) and Exxon Mobil Corporation (30%). The contract has been placedwith Cape through the main Engineering Procurement and Construction contractorfor the South Hook project, CB&I John Brown Limited. Martin May Cape's Chief Executive, said, "We are delighted to have been awardedanother contract on this prestigious project and to have the opportunity tobuild on the excellent relationship we already have with Qatar Petroleum andExxon Mobil in the Middle East." ENDS For further information, please contact: Cape PLCMartin May, Chief Executive +44 (0)1924 876 276 Bell Pottinger Corporate & FinancialNick Lambert +44 (0)20 7861 3232 / +44 (0)7811 358 764 Notes to editors Cape PLC is the parent company of a number of service providing organizationsoperating primarily in the oil and gas, petrochemical and power generationindustries. In the year to 31 December 2005, Cape reported turnover of c. £261.8 million andit currently employs c. 7,700 people in 23 countries worldwide. Cape specialises in the provision of scaffolding, insulation, fire protection,specialist cleaning and other essential services to major industrial clients inthe energy sector. Cape's ability to provide specialist cleaning services wasenhanced by the acquisition of DBI Group Limited in October 2006. In the UK, Cape operates as Cape Hire, Cape Security, DBI Onshore Services andDBI Offshore Services. Cape also operates in Bahrain and Saudi Arabia under thename RB Hilton. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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