Technip nets $400m Kuwait contract
Firm will aid build of new oil and gas infrastructure facilities
Technip has won a $400m contract from Kuwait Oil Company (KOC) for consultancy services, project management and engineering related to the construction of new oil and gas infrastructure facilities, as well as the upgrading of existing facilities.
Technip will provide services in Kuwait for the next five years with an option for an additional one year.
These will mainly be performed by its teams in an operating centre based at KOC’s headquarters in Ahmadi.
Riccardo Moizo, senior vice president of Technip PMC, said: “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 fueled notably by skills and assets gained from the acquisition of Stone & Webster process technologies in 2012.”
Vaseem Khan, senior vice president of Technip in the Middle East, added: “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.”