11 September 2015
G4S wins security contracts in Iraq and Afghanistan
G4S Risk Management announces that it has won a new contract to provide security services to Basra Gas Company (BGC) for three years commencing January 2016 with a total contract value of $187 million. The exercise of a two-year extension option would bring the total value to $270 million.
BGC operates several assets including two gas plants, several compressor stations, a marine shipping terminal, an LPG storage terminal, and all the pipelines between. BGC captures and transports gas from oil fields of West Qurna 1, North Rumaila, South Rumaila and Zubair. This is the largest gas project in Iraq's history and the world's largest gas flares reduction project.
G4S Risk Management has also successfully renewed a contract to provide security services to the UK Foreign and Commonwealth Office (FCO) in Afghanistan for the next three years. Including a two-year extension option, this has a total contract value of £100 million. Under the contract, G4S will provide close protection for British diplomats, attached personnel and officials travelling within Afghanistan and security at the British Embassy.
Ashley Almanza, G4S Group Chief Executive said:
"Our Risk Management and Risk Consulting businesses deliver high quality services to our customers and we are delighted to have been entrusted by both the FCO and BGC to provide these important services. These major contract wins reflect G4S's world class expertise and investment in sophisticated security services."
Mathew Magee Media Relations Manager +44(0)7841982838
Notes to editors:
G4S is the leading global, integrated security company, specialising in the provision of security services and solutions to customers. Our mission is to create material, sustainable value for our customers and shareholders by being the supply partner of choice in all our markets.
G4S is quoted on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen. G4S is active in around 100 countries and has 611,000 employees. For more information on G4S, visit www.g4s.com.
The Basra Gas Company (BGC), formed by the South Gas Company (51%), Shell (44%) and Mitsubishi (5%), is a unique midstream joint venture which gathers and markets natural gas produced in southern Iraq.
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: G4S plc UK DK via Globenewswire
Source: Thomson Reuters ONE
(September 11, 2015 - 2:00 AM EDT)
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