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Avingtrans unit wins $2m contract

By BFN News | 08:10 AM | Wednesday 04 November, 2015


Maloney Metalcraft - part of Avingtrans plc's energy and medical division - has won a $2 million contract with JGC Gulf International Co. Ltd. to supply gas treatment packages. The Saudi Arabian Oil Company (Saudi Aramco) 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. At 8:10am: (LON:AVG) Avingtrans PLC share price was +2p at 125p Story provided by StockMarketWire.com

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