Fluor to provide consulting services for projects of Kuwait Oil Company
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 existing facilities are broad based, and include project management, coordination, planning, front-end design, engineering, contracting, procurement, project controls, construction management and 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 projects.
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