Qatar Engineering & Construction Company awards Cape a shutdown contract for scaffolding, insulation, painting and refractory work

08 February 2017

Cape plc (CIU.LN), an international leader in the provision of critical industrial services to the energy and natural resources sectors, is pleased to announce that its Qatar operations have signed major turnaround shutdown contract with Qatar Engineering & Construction Company (QCON) to provide scaffolding, insulation, painting and refractory works at Qatar Petroleum’s NGL-4 plant. Pre-shutdown activities commenced in December 2016 with all shutdown activities scheduled to be completed by April 2017.

QCON is the leading EPC & maintenance contractor in the oil & gas, petrochemical, fertilizer and power industries. Formally known as MECON, the company was established in 1975. Since then, QCON has contributed immensely to the hydrocarbon infrastructural development in Qatar. QCON employs over 5,000 skilled personnel on permanent basis that are supplemented by short-term personnel as required to meet project needs.

Samir Chopra, Operations Director Qatar, commented: “We are proud that Cape is always trusted for such a challenging job and we are confident we will provide our services in a safe and efficient manner.”

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, mechanical services, environmental services, oil and gas storage tanks and heat exchanger replacement and refurbishment. Cape employs c.16,400 people working across 19 countries and in 2015 reported adjusted revenue of £711.4 million.

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Enquiries:

Cape plc                                                                +44 (0) 1895 459 500
Joe Oatley, Chief Executive
Michael Speakman, Chief Financial Officer
Ian Wood, Head of Investor Relations

 

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Bobby Morse, Ben Romney, Chris Judd


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