Fluor was selected by Kuwait Oil Company (KOC), a subsidiary
of Kuwait Petroleum Corp. (KPC), to provide comprehensive
consulting services, specializing in front-end design and
project and construction
management in support
of KOCs capital expenditure program for Kuwait.
This award follows 10 years of successful Fluor support to
KOC, according to company officials, who confirmed the
announcement on Friday.
The value of the five-year contract is $410 million and will
be booked in Fluors fourth quarter.
The services related to the construction
of new facilities
and upgrading of
are broad based, and
planning, front-end design, engineering, contracting,
training of KOC project staff.
Services will be performed at KOC headquarters in Ahmadi,
Kuwait, with front-end design packages executed in
Fluors Farnborough, UK, office.
Fluor has supported clients and executed Middle East
projects for more than 50 years, said Peter Oosterveer,
president of Fluor's energy and chemicals business.
During that time we have developed a strong
relationship with KOC by partnering with them and offering
support with project development and management for its
capital spending program," he added. "This new agreement
strengthens that partnership and we are excited to provide
our continued expertise to their project