Press Release
Abuja, Nigeria
Wednesday August 6, 2008

Kaztec IOEC wins 156 million US Dollar Pipeline Construction Contract

The consortium of Kaztec Engineering Limited (Kaztec), an indigenous EPC company and Iranian Offshore Engineering and Construction Company (IOEC) has won the 107 kilometer 24” Pipeline Construction contract, from Adanga Addax Platform to Calabar in Cross River State, Nigeria, West Africa, worth 156 million US Dollars. The project involves engineering, design, procurement, construction, inspection and expediting, shipping and transportation of all materials, plant and equipment to be permanently incorporated in the works and the complete construction (including all tools, contractor’s equipment, labor and supervision).

Other aspects of the contract include testing, pre-commissioning and commissioning of the completed pipelines and facilities, training of employer’s operating and maintenance personnel and remedying of defects, if any, relevant to the implementation of the Gas Supply to Niger Delta Power Station at Calabar.

Reacting to the news of the award, the Project Manager, Kaztec Engineering Limited, Engineer Joseph Mamuzoh Egona said that this development is an eloquent testimony of the ability of indigenous Nigerian EPC companies, especially given the backdrop that they possess both the technical know-how and deep knowledge of the work environment. Engineer Egona who himself has vast knowledge of the Oil and Gas sector in Nigeria and the Gulf of Guinea, a pioneer trainee of the Shell/Robert Gordon University Aberdeen, Scotland intensive programme ten years ago, said he was excited to be part of this remarkable project.

He concluded that what we needed in this country was to demonstrate more faith in the ability of indigenous companies to deliver on projects of this magnitude, and give them support and encouragement. The “award is surely the beginning of the positioning of Kaztec Engineering Limited as a leading indigenous EPC company; a company that seeks to benchmark itself with the best elsewhere in the world”, he added.

The Africa Regional Manager, Iranian Offshore Engineering and Construction Company (IOEC) Mr. Ali Erami in his own remarks, traced the genesis of the relationship between IOEC and Kaztec Engineering Limited, observing that working with Nigerians had been both an enriching experience, and one that also provided IOEC a unique opportunity to enjoy the hospitality of Nigeria and its people.

He promised that in line with IOEC’s global strategy, Kaztec IOEC would provide superior quality services, and timely delivery of the project in line with best practices.

…ends

About Chrome Group
Chrome Group is a leading regional conglomerate based in Abuja, Nigeria, with vast interests in oil and gas, insurance, destination inspection, bio-fuels, petroleum products, power, real estate, logistics, broadcasting, telecommunications and dredging services. The group is committed to its Corporate Social Responsibility (CSR) programmes through which it intervenes strategically in key areas of youth empowerment and promoting conservation and clean energy. Chrome Group is a non-racial and equal opportunity employer.

Val Oji
Group Chief Communications Officer
+234 803 719 0145, + 234 802 506 5686