Interserve Wins £28m in Industrial Contracts

    Interserve sees £28m in Industrial Wins with the aid of Goldeneye

Interserve Industrial Services has won a series of contracts totalling £28m,
the most recent of which is on the Shell Goldeneye gas-terminal project in
Scotland. The contracts have been awarded by clients including Foster Wheeler,
Texaco, BNFL and Urenco, and last between four months and four years. The
average is between one and two years.

Goldeneye is a gas field being developed in the North Sea in a venture led by
Shell. Foster Wheeler, the engineering, procurement and construction contractor
for the shore-based processing facility at St Fergus, Aberdeenshire, has
awarded Interserve a contract for the installation of equipment and the
fabrication and installation of some 10km of pipework. Interserve will also
test and assist with the commissioning of the facility.

The same skills are among those being deployed in connection with Burlington
Resources' Rivers Fields gas development at Morecombe, Lancashire. In addition
to equipment and pipework services, Interserve will be manufacturing various
modules for installation at the site and supplying specialised access, painting
and fireproofing services during the construction of the onshore terminal. In
connection with this development the company will also be undertaking the
offshore hook-up of the Burlington "Calder" platform on behalf of Genesis.

In other contracts the company will provide a range of services including
project management and plant maintenance during a fifth phase of work with
Urenco on its E23 gas centrifuge plant at Capenhurst, Cheshire, and shutdowns
at Texaco's Pembroke refinery and BNFL's Dungeness A Power Station in Kent.

Underlining the significance of the awards, Interserve director Stewart Hagerty
said, "We've won a healthy series of contracts from a highly respected group of
clients. They recognise the value of outsourcing their support and maintenance
requirements to dedicated specialists such as Interserve; as more and more
industrial businesses realise the strength of this approach, developing
long-term relationships with them is a key element of our growth strategy."



END