Technip Energies, a leading engineering and technology company for the energy transition, has secured a large project management consultancy contract from Kuwait Oil Company (KOC).
The five-year framework agreement, valued in the range of €250 million to €500 million ($267 million to $535 million), covers front-end engineering design (FEED), project management and associated services for KOC’s major projects.
This contract represents a renewal of the first five-year framework agreement that was awarded to Technip Energies by KOC in 2014, it stated.
On the contract win, Charles Cessot, Senior Vice-President of Technip Energies, said: "We are
delighted by the continued confidence shown by KOC with this award to support them on their
"This award reinforces the strong and lasting relationship we have built with KOC and reaffirms our outstanding consultancy delivery as well as our long-standing presence in Kuwait," he added.
Technip Energies has in 2021 clinched a significant project engineering and management services (PEMS) contract from Kuwait Integrated Petroleum Industries Company (KIPIC) for various projects in southern Kuwait.
The six-year contract covers PEMS work for various potential projects in the Al Zour complex, including its refinery, petrochemical complex and LNG import facilities belonging to Kipic.
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