Contractors Unlimited

Cape Middle East Wins $26 million Contracts with BAPCO, Bahrain

Cape Cape's Northern Gulf operations have been awarded a five-year surface preparation and coating services contract by The Bahrain Petroleum Company B.S.C ("BAPCO") worth $18 million. Cape has further secured an $8 million, three-year extension of an insulation contract with BAPCO.

Cape will provide surface preparation and coating services on storage tanks and in process units, in marine locations and other areas operated by BAPCO.

BAPCO is wholly owned by the Government of Bahrain and owns a 250,000 barrel-a-day refinery, storage facilities for more than 14 million barrels, a marketing terminal, and a marine terminal for its petroleum products.

Michael Dismore, Operations Director for Cape, Northern Gulf, commented:

"Cape can deliver a first class, safe and cost effective service that, together with the capability of our integrated local and expat workforce, positions us as a leader in the provision of non-mechanical services, not just in Bahrain but also further afield in the Northern Gulf."

Published 05/01/2012

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Cape plc, which is listed on the main market of the London Stock Exchange, provides a range of non-mechanical industrial services including access systems, insulation, painting, coatings, blasting, industrial cleaning, training and assessment to the international energy and mineral resources sectors.

As a single source provider, Cape is able to provide a range of specialist multi-disciplinary services specifically tailored to meet the needs of the client providing the most intelligent and cost efficient solutions for our customers non-mechanical in-plant maintenance and capital needs.

In the year ended 31 December 2010, Cape reported revenues of £650.1 million. With scale and leading market positions across its international footprint, Cape employs over 18,000 people in 29 countries.

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