Press release
$61 MILLION CONTRACT IN IRAQ Colombes, 29 March 2012: ENTREPOSE Projets, a 100% subsidiary of ENTREPOSE Contracting (ISIN FR0010204321), a contractor specialised in the design and construction of complex projects in the oil and gas sectors in particular and the energy and environmental sectors in general, today announces that it has been awarded, within a partnership, a contract in Iraq for the construction of oil storage tanks at Tuba, as part of the West Qurna 2 Project Development for LUKOIL, worth a total of circa 61 million US dollars.
Won within the framework of a Consortium combining ENTREPOSE
Projets (60%) and ROSCO (40%) a construction company in Iraq
and a 100% subsidiary of Jurmat Group, this contract is
related to the engineering, procurement and construction of
three (3) conventional floating roof Oil storage tanks with a
capacity of 66,000 cubic metres each.
Given its globally-acknowledged expertise in the construction
of storage tanks, ENTREPOSE Projets will be the project
leader. Completion is scheduled by October 2013.
Dominique Bouvier, ENTREPOSE Contracting's Chairman and CEO,
comments: "The signing of this new contract reflects the
strength of our knowhow and our expertise in the construction
of storage tanks. We are also extremely delighted to have,
with this Contract, the opportunity for ENTREPOSE Projets to
enter the promising Iraqi Oil & Gas market."
how enabling it to meet the most stringent requirements in terms of the highest performance levels.
Contacts:ENTREPOSE Contracting
Clarisse Lebreton
Tel: +33 (0)1 57 60 93 00
NewCap.
Axelle Vuillermet / Emmanuel Huynh Tel: +33 (0)1 44 71 94 94 entrepose@newcap.fr
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distributed by | This press release was issued by Entrepose Contracting SA and was distributed, unedited and unaltered, by noodls on 2012-03-29 21:58:31 PM. The issuer is solely responsible for the accuracy of the information contained therein. |