By Andy Sambidge
Company secures contract from Kuwait Oil Company for construction of new oil, gas facilities
French firm Technip has won a contract worth more than $400m from Kuwait Oil Company related to the construction of new oil and gas infrastructure facilities.
Under the agreement, Technip will provide services for the next five years with an option for an additional period of one year, a statement said.
Technip will provide KOC with a range of services, including project management, feasibility studies, front-end design, project controls, planning, engineering, procurement, construction management and training of staff, the statement added.
The services will mainly be performed by Technip’s teams in an operating centre created specifically for the occasion and housed at offices based at KOC’s headquarters in Ahmadi, Kuwait while the group’s UK operating centre will execute the feasibility studies and front-end engineering and design.
Vaseem Khan, senior vice president of Technip in the Middle East, said: “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 the UAE and Qatar.”