WorleyParsons gets $300 million Program Management Contract
Posted: 22 October 2007
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Kuwait Oil Company (KOC) has awarded WorleyParsons a 5 year $300 million contract for the supply of Program Management services. The contract supports KOC in achieving its year 2020 objectives of reaching optimum capacity in its oilfields and enhancing its facilities by the most efficient and economical means available.
The contract is to provide project management, co-ordination, planning, design, engineering, construction management, contracting, procurement, project controls and other services for construction of new facilities, up-grading of existing facilities, and transfer of technology.
“This contract is essential to support KOC's comprehensive on-going program of major projects and is considered critical to the day-today business and future development of the company’s facilities,” said Fahed Al-Ajmi, Deputy Chairman and Deputy Managing Director (Technical Services).
John Grill, the CEO of WorleyParsons, commented “WorleyParsons is extremely pleased to have been awarded such an important program management contract by KOC. This contract also allows the consolidation of the company’s presence in Kuwait which is a key component of WorleyParsons’ Middle East strategy.” |
