Cape Wins £7.5 Million, 5 Year Contract with BHP
Cape is pleased to announce that it has been awarded a five year fabric maintenance contract, providing a range of services in support of BHP Billiton Petroleum`s Liverpool Bay Assets in the Irish Sea.
BHP Billiton has a significant oil and gas business, with producing operations in Australia, the UK, the Gulf of Mexico, Trinidad and Tobago, Pakistan and Algeria.
The contract, which commences immediately, will encompass Cape providing painting and corrosion protection services together with optional services including access, vessel cleaning and thermal insulation on the Douglas, Lennox, Hamilton and Hamilton North Platforms in the Irish Sea.
Cape`s relationship with BHP Billiton now extends from the Worsley alumina refineries in Western Australia, and it`s Olympic Dam multi-mineral ore site in South Australia, to the Irish Sea in the UK.
Martin May, Chief Executive of Cape plc, commented:
"We are delighted to have been awarded this prestigious contract by the world's largest diversified natural resources company, BHP Billiton. The award demonstrates the benefits of Cape's international growth strategy, which increasingly allows us to leverage existing relationships across our extensive geographical footprint.
We now look forward to utilising our vast experience in the offshore support services market to deliver added value to the BHP Billiton Petroleum's operations in the UK."
Cape plc, which is listed on AIM (CIU), provides a range of non-mechanical industrial services including access systems, insulation, painting, coatings, blasting, industrial cleaning, training and assessment to both industrial plant operators and major international engineering and construction companies. Cape employs c.17,000 people in 28 countries with its four main markets being the UK, Gulf/Middle East, CIS, Mediterranean and North Africa, and the Far East/ Pacific Rim. In the year ended 31 December 2009, Cape reported turnover of £655.1 million.
Published 28/10/2010
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