Contract wins for Velosi

Exxon Neftegas has awarded Reading-headquartered

a five year contract in Sakhalin Island, Russia to provide corrosion control inspection and non-destructive testing services and oversight.

Velosi specialises in providing asset integrity and HSE services to national and multinational oil and gas companies. The company said it would open an area office in the main commercial centre of Yuzhno-Sakhalin to manage this contract and the office will act as a base from which further new business in the Russian far east can be developed.

Velosi also announced an increase in the budget for the group's Chevron Escravos contract in Nigeria. The technical support services contract for the Escravos Gas to Liquid Project, which was originally valued at $10m, has now been increased to £20m with the same completion date of 31 December 2009.

Under the scope of this contract Velosi provides inspection and technical personnel for the construction and installation of hydro and distillate processing facilities and pipelines both onshore and offshore at Escravos. The completed facility will convert natural gas to clean transportation fuels for markets in Europe and the rest of the world.

Velosi’s CEO Dr Nabil Abdul Jalil said: 'We are delighted to have secured the contract with Exxon Neftegas. This is our first contract win for Velosi Russia and a major step forward in the group's global expansion. The increase in the Chevron budget demonstrates our increasing ability to provide consistent, high-quality services to multi-nationals worldwide. Both these contracts are evidence of the group's expansion, both in terms of the increased geographic spread and through the quality and range of services we provide.'