Amec wins $319m KOC contract extension
London, January 15, 2008
Amec has won a five-year project management consultancy services contract extension from Kuwait Oil Company (KOC) worth $319 million.
Amec is an international engineering and project management company.
The contract covers consultancy services in project management, front-end engineering and related activities for KOC's upstream oil and gas assets in Kuwait.
It continues the work carried out under a previous project management and engineering contract, which ran from 2004 to 2007.
With a major emphasis on health, safety and the environment, Amec's work will help KOC deliver its strategy to achieve optimum capacity in its oilfields and to improve its facilities by 2020.
'We are delighted to continue the support for KOC on this exciting and complex programme of work,' said Neil Bruce, Chief Operating Officer, Amec's Natural Resources business.
'It confirms our position as a major project manager in the Middle East where we already have well-established oil and gas operations.'
Sami Al-Rashaid, KOC chairman and managing director, said the contract was essential to support KOC's comprehensive on-going programme of major projects. “It is considered critical to the day-to-day business and future development of the company's facilities,' he added.
Working closely with KOC personnel, Amec will continue to manage KOC capital projects in Kuwait, where the company is developing new oil fields and expanding the existing fields.
Amec will provide project management, co-ordination, planning, design, engineering, construction management, contracting, procurement, project controls and other services for the construction of new facilities, upgrading of existing facilities, and the transfer of technology, he added.-TradeArabia News Service