ABUJA, Nigera, Feb. 6, 2012 (GLOBE NEWSWIRE) — Kaztec Engineering Ltd. (www.kazteceng.com), a leader in the fabrication of drilling and production platforms and other specialized structures for the oil and gas industry, today announced plans to exhibit at Nigeria Oil & Gas 2012 and Offshore Technology Conference 2012, two of the biggest annual events on the oil and gas industry’s 2012 calendar. Kaztec is a subsidiary of the Chrome Group, a leading West African oil and gas conglomerate. Final preparations are underway for Nigeria Oil & Gas 2012 at which Kaztec will showcase their latest accomplishments and capabilities in exhibition booth A22. Nigeria Oil & Gas 2012 is the Ministry of Petroleum Resources’ and Nigerian National Petroleum Corporation’s largest annual event for Nigeria’s oil & gas industry, bringing together more than 1,000 senior representatives from the Ministry and the NNPC as well as domestic and international companies. It will be held February 20-23, 2012 at the International Conference Centre in Abuja, Nigeria. Kaztec has also finalized plans to exhibit at the Offshore Technology Conference in Houston, Texas in May. OTC 2012 is expected to attract more than 50,000 attendees and more than 2,000 participating companies. It is the world’s foremost event for the development of offshore resources in the fields of drilling, exploration, production and environmental protection. OTC 2012 will be held at Reliant Center in Houston, Texas, running from April 30th through May 3rd.”When the world’s oil and gas companies think about fabrication for the oil and gas industry in Nigeria, we want them to think first about Kaztec,” said Sir Emeka Offor, chairman of the Chrome Group. “In recent years we have proven that our people, equipment and processes are as good as any in the industry, delivering project after project safely, in record time, within budget and in accordance with international best practices.” The Chrome Group, founded in 1994 by Sir Emeka Offor, is one of Nigeria’s leading indigenous multinational businesses with subsidiaries operating in oil and gas exploration and production, oil and gas servicing, engineering, insurance, logistics and power industries.

About Kaztec Engineering Limited: Kaztec Engineering Limited is fast becoming a leader in the fabrication of drilling and production platforms, as well as other specialized structures in the oil and gas industry. The company is equipped to provide turnkey onshore and offshore fabrication and installation services. Its core capabilities include engineering, procurement, construction, installation and commissioning of offshore and onshore oil and gas facilities for the oil and gas industry in West Africa. Kaztec values cultural individuality, a work ethic bound by quality, employee safety, and a strong focus on its clientele. Kaztec’s corporate headquarters is in Abuja, Nigeria. The company is a subsidiary of the Chrome Group, one of Nigeria’s leading indigenous conglomerates with companies operating in oil and gas exploration and production, oil and gas servicing, engineering, insurance, logistics and power industries.Source: The Chrome GroupDate: February 06, 2012 09:37 ET CONTACT: Val Oji, Chrome Group Chief Communications Officer+234 803 719 This email address is being protected from spambots. You need JavaScript enabled to view it. '; document.write(''); document.write(addy_text28935); document.write('<\/a>'); //-->\n This email address is being protected from spambots. You need JavaScript enabled to view it.

Kaztec Engineering Limited, an Abuja based EPC contractor has commended the President and Commander-in-chief of the armed forces of the Federal Republic of Nigeria, Dr. Goodluck Ebele Jonathan, GCFR, and the Minister of Petroleum, Mrs. Deziani Allison-Madueke, on progress recorded so far, in the oil and gas subsector of the economy. The company singled out the successful sorting out of the issue of gas pricing and gas supply to enhance generation, and distribution of electricity in the country as an area that deserves commendation.

Addressing journalists in Abuja, the Executive Director, Technical, Kaztec Engineering Limited, Engineer Adebanji Babarinde while pouring encomiums on progress recorded by the Jonathan administration in the oil and gas sector in the short period, however enumerated challenges faced by contractors in the execution of projects. These include: way leave issues, payment of compensation to the host communities and getting payments for work done. Others include getting the Central Bank of Nigeria (CBN) and Ministry of Finance to issue Letters of Credit (LC) for execution of projects, as at when needed, as well as the adverse effects of inflation which often result in variations, and avoidable and unnecessary long delays over approval of these variations.

Emphasizing the urgent need for the various government officials and agencies to be on top of their game, Engineer Babarinde added that these challenges cause delays in the timely execution of projects, and the public needs to be aware of these developments, rather than hold contractors responsible for project delays, all the time. Engineer Babarinde, who until recently was a general manager at NNPC, urged Nigerians to rally behind the president to deliver uninterrupted power for the much anticipated rapid development of the country.

In his own contribution the Project Manager, Kaztec Engineering Limited, Engineer Joseph Egona, while enumerating what looked like a scorecard for the company, said that Kaztec had achieved over 80% completion rate on the 156 million US Dollar, 127 kilometer, 24 inch Adanga to Calabar gas pipeline project, and said his company expected to deliver the project by September 2010.

Val Oji

Group Chief Communications Officer

0803 719 0145