Technip awarded $400 million contract in Kuwait

12/18/2013

Technip awarded $400 million contract in Kuwait

PARIS -- Technip has been awarded a contract, worth over $400 million, for consultancy services for project management and engineering by Kuwait Oil Company (KOC). This deals with the construction of new oil and gas infrastructure facilities, as well as the upgrading of existing facilities, in Kuwait. Technip will provide services for the next five years with an option for an additional period of one year.

Technip has decided to leverage its experience gained over the past fifty years for the benefit of energy players, by developing a new expertise focused on Project Management Consultancy services (PMC) and named as Technip PMC. Technip PMC enables clients to ensure safe and successful execution of their projects. This new contract with KOC is part of this expertise.

Technip will accompany KOC through different 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 center created specifically for the occasion and housed at the offices based at KOC’s headquarters in Ahmadi, Kuwait, with the support of Technip’s organization in the Middle East, while the Group’s operating center in Milton Keynes, United Kingdom, will execute the feasibility studies and front-end engineering and design.

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