PARIS, January 05, 2023–(BUSINESS WIRE)–Technip Energies (PARIS: TE) has been awarded a big(1) contract for Challenge Administration Consultancy (PMC) by Kuwait Oil Firm (KOC).
The five-year framework settlement contract covers front-end engineering design (FEED), mission administration, and related companies for KOC’s main tasks.
This contract represents a renewal of the primary five-year framework settlement that was awarded to Technip Energies by KOC in 2014.
Charles Cessot, Senior Vice-President T.EN X of Technip Energies, commented: “We’re delighted by the continued confidence proven by KOC with this award to assist them on their main developments. This award reinforces the robust and lasting relationship we now have constructed with KOC and reaffirms our excellent consultancy supply in addition to our long-standing presence in Kuwait.”
(1) A “giant” award for Technip Energies is a contract award representing between €250 million and €500 million of income. Because the framework settlement is call-off in nature, the general worth of the contract shall be progressively added to order consumption as it’s known as off by the shopper.
To know extra about Technip Energies PMC companies:
Through the years, Technip Energies has turn out to be a contractor of selection for PMC companies. Our group has been profitable in supporting purchasers’ enterprise aims and constantly delivering tasks with excellent security and environmental efficiency that meet value, schedule and high quality targets.
Study extra at: https://www.technipenergies.com/providing/project-management-consultancy
About Technip Energies
Technip Energies is a number one Engineering & Expertise firm for the power transition, with management positions in Liquefied Pure Fuel (LNG), hydrogen and ethylene in addition to rising market positions in blue and inexperienced hydrogen, sustainable chemistry and CO2 administration. The corporate advantages from its sturdy mission supply mannequin supported by in depth expertise, services providing.
Working in 34 nations, our 15,000 individuals are totally dedicated to bringing our shopper’s modern tasks to life, breaking boundaries to speed up the power transition for a greater tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) buying and selling over-the-counter in the US. For additional data: www.technipenergies.com.
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