Contract Win

RNS Number : 6223E

Velosi Limited

30 September 2008

 



Velosi Limited

Velosi announces New ConocoPhillips contract in Indonesia

Velosi Limited ('Velosi' or the 'Group'), the AIM listed provider of asset integrity and HSE services to a number of major national and multinational oil and gas companies, is pleased to announce that it has been awarded a new quality assurance, quality control and quality surveillance services contract with ConocoPhillips Indonesia Inc. Ltd.

The contract began in June 2008 for a period of three years. Under the terms of the contract Velosi will audit and inspect pipe mills, valve suppliers, fabrication yards and project sites to verify that the planning and execution of manufacturing, construction and testing are carried out to meet the criteria in purchase orders and main contracts. 

This new contract will increase Velosi's presence in Indonesia, Europe,the USA, Malaysia, Singapore and China, through work with international vendors. 

Commenting on this contract Dr. Nabil Abdul Jalil, Chief Executive Officer of Velosi said: 'We are delighted to have been awarded this contract from ConocoPhillips Indonesia Inc. Ltd. To be given the opportunity to continue building and developing the Group's relationship with such a reputable multinational is an excellent reflection of our client's continued confidence in our ability to provide a top-level service on a global basis.'

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For further information, please contact:

Velosi	Dr Nabil Abdul Jalil Dan Ooi	020 7930 0777
Strand Partners	James Harris	020 7409 3494
Charles Stanley Securities	Mark Taylor Freddy Crossley	020 7149 6000
Cardew Group	Tim Robertson Shan Shan Willenbrock Catherine Maitland	020 7930 0777

 

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