AMEC Wins Major Oil Contract in Kuwait
AMEC has won a major contract to manage US$5billion of oil field projects for the Kuwait Oil Company. This is the first time the contract - previously held by Parsons and Bechtel, has been awarded to a non-US company.
The five-year contract, which is for an undisclosed sum, covers project management of KOC's upstream oil assets in the south of the country, and there is an option to extend the contract by two years. It is expected to involve 70-80 AMEC people based in the UK and up to 160 in Kuwait.
Working closely with KOC personnel, AMEC will manage all KOC activity in the south of Kuwait, where KOC is seeking to develop existing oil fields using enhanced recovery techniques. AMEC will assess the oil fields and how to improve their performance, develop budgets, draw up contracts for KOC to award, and oversee all engineering work as well as providing environmental consultancy, risk management advice and training. The contract covers not only oil fields and related assets but also the infrastructure KOC needs to support its 5,000 staff working in the region.
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Added to site on 29/03/04