Engineering group Kentz has a pipeline of $2.5 billion (€1.97 billion) of contracts on its books, the company said yesterday.

In a statement, the group – listed in London but based in Ireland – said the backlog gives visibility of work up until 2015, positioning it strongly for growth. It said the backlog or value of contracts reflects a continued shift in recent years towards lower-risk reimbursable contracts.

At the end of December 2011, the backlog stood at $2.4 billion. Chief executive Christian Brown said the company had experienced very few delays or cancellations to any of the pipeline prospects.

“Despite the current volatility in world markets, we continue to see strong demand for Kentz’s services. Our broad base of clients, diversity of operations and significant global footprint gives us great confidence for the future.”

Kentz has focused on the oil and gas, metals and mining industries. Its clients comprise oil and natural resource firms along with engineering and project management ones. The Irish company transferred to London’s main exchange from its Alternative Investment Market in September 2011, and is now included in the FTSE 250 index. It originally listed in February 2007.