JGC Gulf International contract win

RNS Number : 4047E

Avingtrans PLC

04 November 2015

 

4 November 2015

Avingtrans Plc

("Avingtrans" or the "Company" or the "Group")

Maloney Metalcraft secures JGC Gulf International contract

Avingtrans (AIM:AVG), which designs, manufactures and supplies critical components, modules and associated services to the aerospace, energy and medical sectors is pleased to announce that Maloney Metalcraft, part of Avingtrans plc's Energy and Medical Division, has secured a $2 million contract with JGC Gulf International Co. Ltd. to supply gas treatment packages.

The Saudi Arabian Oil Company (Saudi Aramco) - the state-owned oil company of the Kingdom of Saudi Arabia and the world's top exporter of crude oil and natural gas liquids - is developing infrastructure for processing shale formation gas (unconventional gas) from the Jalamid field in the Al-Jouf and Northern Border Regions in the northwest part of Saudi Arabia. The first phase of this project (System "A") will involve gathering gas from the ST-53A area of these fields, routing it to an engineered surface facility location, then transporting it about 30 km via pipeline to a customer.

The contract with JGC Gulf International, which is contracted by Saudi Aramco, covers the initial four gas treatment separation & filtration packages in System A. System B of the Project will be EPC tendered in Q2 2016, requiring 4 times the number of packages as System A. As well as bidding for System B, Maloney Metalcraft also anticipates the opportunity to pursue additional gas processing equipment work.

Austen Adams, managing director of Avingtrans' Energy and Medical division, said: "The challenges faced by the oil and gas industries are well documented but this contract, our first shale gas project, demonstrates that new business opportunities are available for companies with the recognised experience and expertise necessary to design and build performance critical components.

"We are delighted to be supplying Saudi Aramco on this shale gas project and we look forward to working with them in the future."

Enquiries:

Avingtrans plc Steve McQuillan, Chief Executive Officer Stephen King, Chief  Financial Officer	Tel: [phone]
Numis  David Poutney (Corporate Broking) Richard Thomas (Corporate Finance and Nominated Adviser)	Tel: [phone]
Newgate (Financial PR) Adam Lloyd Ed Treadwell	Tel: [phone]

About Avingtrans

Avingtrans plc is engaged in the provision of highly engineered components, modules and services to the Aerospace, Energy and Medical markets worldwide.

The business is made up of two divisions

Aerospace, engaged in the manufacture of rigid pipe assemblies, fabrications and prismatic components - both metallic and composite - for the global aerospace market and precision polishing of aircraft components and;

Energy and medical, engaged in the design and manufacture of machined and fabricated pressure and vacuum vessels and process plant and equipment for the power, oil & gas and medical markets. Plus, design and manufacture of fabricated poles and cabinets for roadside safety cameras and rail track signalling.

About Saudi Aramco

Saudi Aramco is the state-owned oil company of the Kingdom of Saudi Arabia and a fully integrated, global petroleum and chemicals enterprise. The company is a leader in hydrocarbons exploration, production, refining, distribution, shipping and marketing, and the world's top exporter of crude oil and natural gas liquids (NGLs). Saudi Aramco is headquartered in Dhahran, Saudi Arabia, with offices and operations throughout the Kingdom, employing more than 61,000 workers worldwide from 77 countries.

http://www.saudiaramco.com/en/home.html

 

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