Kentz price rises on $190m Qatar deal

Kentz has been awarded a $190m (€141m) three-year contract with Qatar Petroleum, the announcement of which helped boost its share price by over 2% yesterday.

Kentz price rises on $190m Qatar deal

The Irish-founded engineering services group, which specialises in providing infrastructural support services for major oil and gas exploration companies around the world, will carry out the work via its engineering, procurement, and construction unit. The contract, which builds on a healthy relationship between the two companies, will see Kentz install and monitor industrial control systems for nearly 800 oil wells across Qatar’s Dukhan Oilfield.

Kentz will provide a dedicated supervisory control and data acquisition network infrastructure to monitor wellheads from designated stations, providing centralised real-time and historical wellhead data directly into Qatar Petroleum’s IT network. The work also includes the prevention of external corrosion damage to the well casings in the Dukhan field by installing an impressed current cathodic protection system.

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