Entrepose Contracting – $61 million contract in Iraq

Entrepose Projets, a wholly-owned subsidiary of Entrepose Contracting, a contractor specializing in the design and implementation of complex industrial projects in the gas and oil and, more generally, energy and environment sectors, today announced that, In partnership with a local company, she won a contract in Iraq.

This contract relates to the construction of oil storage tanks at Tuba, as part of the West Qurna 2 Project for LUKOIL, for a total amount of approximately $61 million.

Obtained in the framework of a consortium between Entrepose Projets (60%) and Rosco (40%), a construction group in Iraq and a wholly-owned subsidiary of Groupe Jurmat, this contract covers engineering, The supply of equipment and construction of three floating oil storage tanks, each with a capacity of 66,000 m3.

Thanks to its world-renowned expertise in the construction of storage tanks, Entrepose Projets will be the pilot project. Completion is scheduled for October 2013.

Dominique Bouvier, Chief Executive Officer of Entrepose Contracting, comments: “The signing of this new contract reflects the strength of our know-how and expertise in the construction of storage tanks. We are extremely pleased that Entrepose Projets has the opportunity to enter the promising Iraqi oil and gas market through this contract.”