Petrofac Secures $125M Kuwait Contract

Petrofac has secured a major maintenance contract with Kuwait Oil Company to deliver full maintenance services on the North and West areas in Kuwait.

The five-year contract will be executed through Petrofac Facilities Management and is the first performance-based full maintenance services contract within Kuwait to be awarded to an international contractor.

Petrofac will provide integrated maintenance management and full maintenance services with the aim of improving equipment availability by providing cost-effective maintenance and associated technical support services.

The contract covers maintenance of 16 facilities mainly comprising of oil gathering centres, gas booster stations, gas steam and water injection plants, water gathering and pumping stations, gas and crude oil pipelines and well heads.

To facilitate execution of the contract, Petrofac will establish an in-country base including office, workshop and warehouse facilities. Leading Kuwaiti contractor Kharafi National will provide Petrofac with in-country support on an exclusive basis.

Approximately 650 people are to be employed on full contract operations during a six-month mobilization period, due to commence immediately. As part of Petrofac's commitment to developing skills locally, by 2010, 25% of the workforce will be comprised of Kuwaiti nationals.

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Posted 28/03/05

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