Kaztec Engineering Ltd. Appoints Geoff Stone as Projects Director

ABUJA, NIGERIA--(Marketwire - Oct 27, 2011) - Kaztec Engineering Ltd. (www.kaztec-eng.com), a leader in the fabrication of drilling and production platforms and other specialized structures for the oil and gas industry, today announced the appointment of Geoff Stone to the position of projects director. Kaztec is a subsidiary of the Chrome Group, a leading West African oil and gas conglomerate.

As projects director, Stone will lead a highly experienced team at Kaztec that will execute engineering, procurement and construction (EPC) contracts for offshore oil and gas projects. Initially, he will be responsible for planning and delivery by Kaztec of installed facilities, including pipelines, risers, platforms and structures for Addax Petroleum in Nigerian waters.

"We are pleased to have Geoff Stone join us as projects director and we expect that his unique skills, capabilities and experience will help position Kaztec for its next growth phase," said Sir Emeka Offor, chairman of the Chrome Group. "Geoff has worked for numerous major operators and prime contractors in various regions of the world. His strong focus on technology and innovation and his ability to deliver some of the best EPC projects and products in the world in challenging environments will help us to accomplish our goals."

Before joining Kaztec, Stone was responsible for the strategy and engineering direction of Penspen, an independent group of companies providing services to the oil and gas industry. He also served on the management team of Murphy Oil's Kikeh project in Kuala Lumpur, Malaysia. As the fluid transfer lines manager on the project, Stone was responsible for delivering the world's first dynamic submerged oil transfer system, which was critical to the $1.4 billion development.

Stone has a B.S. in Civil Engineering from the University of Salford. He has worked in the offshore oil and gas industry since he graduated in 1977. He has presented numerous papers in key technology centers around the world.

The Chrome Group 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.