Driver Group plc Contract Win (7553I)

TIDMDRV

RNS Number : 7553I

Driver Group plc

08 July 2013

8 July 2013

Driver Group plc

("Driver Group" or the "Company")

Contract Win

Driver Group, the global construction consultancy to the construction and engineering industries, is pleased to announce continued progress in the Company's Oil & Gas business with the award of a contract for the provision of commercial and cost planning services to JP Kenny Caledonia Ltd and its affiliates ("JP Kenny"). JP Kenny is part of the Wood Group, a leading international energy services company with $6.8billion of sales and operating in 50 countries. The duration of the contract (which covers all of the Wood Group of companies) is for an initial period of 3 years with provision for this to be extended to 4 years.

The services to be provided by the Driver Group extends to pre-bid and measurement services, strategic project guidance, contract advisory, cost and contract risk, planning and schedule management.

Dave Webster, CEO of Driver Group said "This contract win is a positive endorsement of the Company's focus in developing its Oil & Gas business, particularly with the creation of a role as Head of Oil & Gas for Europe operating from our recently opened Aberdeen office. We will be able to service JP Kenny and Wood Group from our network of international offices particularly Aberdeen, Houston, Kuala Lumpur, Singapore, Brisbane and our 4 Middle East offices.

We are delighted by the trust shown in our Company by such a prestigious business and look forward to serving them well over the next 3 years and beyond. This contract will further enhance the performance of the Houston and Brisbane offices where we have currently secured a number of additional projects in the Oil & Gas sector".

Enquiries:

 
 Driver Group plc 
 David Webster, Chief Executive    Tel: +44 (0) 1706 223999 
 Damien McDonald, Group 
  Finance Director 
 Alan McClue, Non-executive        Tel: +44 (0) 7791 546798 
  Chairman 
 
 Charles Stanley Securities 
  Nominated Adviser & Broker 
 Marc Milmo / Carl Holmes         Tel: +44 (0) 207 149 6000

This information is provided by RNS

The company news service from the London Stock Exchange

END

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