Velosi wins Aramco service contract

08 September 2008
UK-listed oil consultant Velosi has won a five-year general inspection services contract from Saudi Aramco and a two-year deal from Al-Khafji Joint Operations in the Divided Zone.

The Aramco contract, which runs until the second quarter of 2013, covers inspection services for Aramco’s capital projects during the design, procurement and construction of onshore and offshore facilities.

The work will include field inspection and testing, and reviewing of design packages with an option for the contract to be extended for a further three years.

The company won a second two-year, $2.2m service contract from Al-Khafji Joint Operations. The firm is a joint venture between Aramco Gulf Operations and Kuwait Gulf Oil Company, which runs the offshore portion of the Divided Zone, an oil field shared between Saudi Arabia and Kuwait.

Saudi Arabian Chevron, a subsidiary of the US' Chevron Corporation, recently renewed its Divided Zone onshore concession for an expected 30-year period.

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