Thursday, November 18, 2010

KNM unit gets US$216m Uzbek job

KNM GROUP BHD [] unit KNM Process Systems Sdn Bhd has won a US$216 million (RM680 million) bid to develop gas condensate fields in Uzbekistan from Lukoil Uzbekistan Operating Company.

KNM said on Thursday, Nov 18 it received notification on Nov 16 about the successful bid to supply technical documentation, equipment and services for the development of gas condensate fields, that is Adamtash, Gumbulak and Djarkuduk Yangi Kizilcha.

It said the contract was for two years, subject to the execution of contract agreements.

KNM said that project was expected to contribute to its earnings for the financial years ending Dec 31, 2011 and Dec 31, 2012

KNM Process Systems’ core activities are the design, engineering, procurement and manufacturing of process equipment, pressure vessels, reactors, columns and towers, drums, heat exchangers, air finned coolers. - by Surin Murugiah

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