Kentz Awarded Papua New Guinea Contract

Kentz Corporation Limited, the holding company of the Kentz Engineering and Construction Group, confirms that it has entered into a contract with Chicago Bridge and Iron (CB&I) and Clough to design and build the construction camp for the Papua New Guinea (PNG) LNG Project’s Hides Gas Conditioning Plant.

The PNG LNG project is an integrated development that includes gas production and processing facilities, onshore and offshore pipelines and liquefaction facilities with the capacity of 6.6million tonnes per year.

Participating interests include affiliates of ExxonMobil (including Esso Highlands Limited as operator, 33.2 percent), Oil Search Limited (29.0 per cent) Independent Public Business Corporation (PNG Government, 16.6 per cent), Santos Limited (13.5 per cent), Nippon Oil Exploration (4.7 per cent), Mineral Resources Development Company (PNG landowners, 2.8 per cent) and Petromin PNG Holdings Limited (0.2 per cent).

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Source: Kentz, July 28, 2010;