VELO Velosi

    RNS Number : 6223E
  Velosi Limited
  30 September 2008
   

    




    Velosi Limited

    Velosi announces New ConocoPhillips contract in Indonesia

    Velosi Limited ("Velosi" or the "Group"), the AIM listed provider of asset integrity and HSE services to a number of major national and
multinational oil and gas companies, is pleased to announce that it has been awarded a new quality assurance, quality control and quality
surveillance services contract with ConocoPhillips Indonesia Inc. Ltd.
    The contract began in June 2008 for a period of three years. Under the terms of the contract Velosi will audit and inspect pipe mills,
valve suppliers, fabrication yards and project sites to verify that the planning and execution of manufacturing, construction and testing
are carried out to meet the criteria in purchase orders and main contracts. 
    This new contract will increase Velosi's presence in Indonesia, Europe,the USA, Malaysia, Singapore and China, through work with
international vendors. 
    Commenting on this contract Dr. Nabil Abdul Jalil, Chief Executive Officer of Velosi said: "We are delighted to have been awarded this
contract from ConocoPhillips Indonesia Inc. Ltd. To be given the opportunity to continue building and developing the Group's relationship
with such a reputable multinational is an excellent reflection of our client's continued confidence in our ability to provide a top-level
service on a global basis."
    - End - 

    For further information, please contact:

 Velosi                      Dr Nabil Abdul Jalil  020 7930 0777
                             Dan Ooi
 Strand Partners             James Harris          020 7409 3494
 Charles Stanley Securities  Mark Taylor           020 7149 6000
                             Freddy Crossley
 Cardew Group                Tim Robertson         020 7930 0777 
                             Shan Shan
                             Willenbrock
                             Catherine Maitland



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