Kuwait Oil Company (KOC) has awarded Technip a contract worth over US$ 400 million. The contract is for consultancy services for project management and engineering and deals with the construction of new oil and gas infrastructure facilities, as well as the upgrading of existing facilities in Kuwait. The contract is for five years with an option for an additional period of a year.
More specifically, Technip will support KOC through other services including project management, feasibility studies, front end design, project controls, planning, engineering, procurement, construction management and training of KOC project staff.
The services will mainly be performed by Technip’s teams in an operating centre created specifically for the occasion and housed at the offices based at KOC’s headquarters in Ahmadi, Kuwait, with the support of Technip’s organisation in the Middle East. The group’s operating centre in Milton Keynes, UK, will execute the feasibility studies and front end engineering design.
Comments on the contract
‘We are proud to have been awarded this contract by KOC. This award establishes Technip as one of the top tier project management consultancy companies worldwide. It has been fuelled notably by skills and assets gained from the acquisition of Stone & Webster process technologies in 2012,’ said Riccardo Moizo, Senior Vice President, Technip PMC.
‘This contract is a significant milestone for Technip in the Middle East. The group will be able to reinforce its operations in the region through the addition of another important services centre in Kuwait developed specifically for the occasion, further strengthening our current engineering capabilities in the region through operating centres in United Arab Emirates and Qatar,’ said Vaseem Khan, senior vice president, Technip in the Middle East.
Adapted from a press release by Claira Lloyd.
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