Aegion Corporation (“Aegion” or the “Company”) (Nasdaq Global Select Market: AEGN) today announced that its subsidiary, Corrpro Companies International, Inc. (“Corrpro”), has been awarded two contracts with a combined value of $6.6 million (USD) from Qatar Kentz WLL (“Kentz”).
Corrpro will be the exclusive provider of engineering services and cathodic protection systems which are designed to prevent external corrosion to well casings located in the Dukhan Oilfield in Qatar. Kentz is the main engineering, procurement and construction contractor for the Qatar Petroleum project that includes the engineering, procurement, installation and commissioning for wellhead control systems and cathodic protection for approximately 700 onshore wells in the Dukhan Oilfield.
In 2007, Corrpro conducted the initial field investigation and provided conceptual corrosion control solutions to Qatar Petroleum. Greta Senn, President of Corrpro, said, “Corrpro is very familiar with the project requirements and we are pleased to have been selected by Kentz on this high profile project. Corrpro has extensive experience providing corrosion control and cathodic protection systems for oil well casings in the Middle East. Qatar is a target market to grow our cathodic protection business where we have a minimal presence today. The Dukhan field well casing project provides Corrpro the opportunity to build a lasting relationship with Qatar Petroleum.”
The project, which is underway, is scheduled to be completed by November 2016. The majority of the cathodic protection equipment will be supplied from Corrpro’s manufacturing facilities in Saudi Arabia and the United Kingdom. The engineering and field activities will be executed from Corrpro’s project office in Doha, Qatar.
About Aegion Corporation
Aegion Corporation is a global leader in infrastructure protection and maintenance, providing proprietary technologies and services: (i) to protect against the corrosion of industrial pipelines; (ii) to rehabilitate and strengthen water, wastewater, energy and mining piping systems and buildings, bridges, tunnels and waterfront structures; and (iii) to utilize integrated professional services in engineering, procurement, construction, maintenance and turnaround services for a broad range of energy related industries. Our business activities include manufacturing, distribution, maintenance, construction, installation, coating and insulation, cathodic protection, research and development and licensing. More information about Aegion can be found on our internet site at www.aegion.com.
About Corrpro Companies, Inc.
Corrpro Companies is the leading provider of corrosion protection systems and engineering services in North America and also has operations in Europe and the Middle East. As a subsidiary of Aegion Corporation, Corrpro offers corrosion solutions for industrial markets, including pipeline, refinery, above and underground storage tanks, water, wastewater, concrete, infrastructure, offshore, and marine. More information about Corrpro can be found on its website at www.corrpro.com.