Amec renews $320m Kuwait upstream management deal

13 January 2008
The UK’s Amec has renewed its five-year in-house management contract with Kuwait Oil Company (KOC) in a deal worth an estimated KD90m ($321m).

Under the terms of the contract, signed on 7 January, Amec will provide the state upstream operator with front-end engineering and design and project management consultancy services.

The deal is a renewal of Amec’s existing management contract with KOC, which started in 2004.

The work is similar to the two other five-year management deals signed by the US’ Fluor Corporation and Australia’s WorleyParsons in recent months (MEED 06:01:08).

KOC has in the past traditionally kept only two in-house management contractors, but is now taking on three as it seeks to increase production capacity to 4 million barrels a day by 2020.

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