Technip Energies wins PMC contract from Kuwait Oil Company

Technip Energies has bagged a contract to deliver project management consultancy (PMC) from Kuwait Oil Company (KOC) for the latter’s major projects.

The French engineering and technology company didn’t reveal the exact value of the contract but indicated it to be in the range of €250 million and €500 million.

Technip Energies said that the five-year framework agreement contract covers front-end engineering design (FEED), project management, and associated services.

According to the company, the contract is a renewal of the first five-year framework contract that was awarded to it in 2014 by Kuwait Oil Company.