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Technip Energies was conferred a ‘large’ Project Management Consultancy Contract by the Kuwait Oil Company

Signifies a renewal of the first five-year framework agreement

by The Business Pinnacle
0 comment

Technip Energies (T.EN), a world-leading engineering and technology player has been conferred a ‘large’ contract for Project Management Consultancy (PMC) by Kuwait Oil Company (KOC).

The five-year framework agreement contract encompasses front-end engineering design (FEED), project management, and associated services for KOC’s major projects.

This contract was awarded to Technip Energies by KOC in 2014 which signifies a renewal of the first five-year framework agreement.

Charles Cessot, Senior Vice-President T.EN X of Technip Energies, stated that the company is pleased by the continued belief shown by KOC with this award to support them on their key advancements. This award emphasizes the robust and long-term relationship the company has formed with KOC and reiterates its exceptional consultancy delivery and its long-honoured presence in Kuwait.

  1. A large award for Technip Energies is a contract award signifying between €250 million and €500 million of revenue. As the framework agreement is call-off in nature, the aggregate value of the contract will be increasingly affixed to order intake as it is annulled by the client.

To find out more about Technip Energies PMC services:

Over time, Technip Energies has become a contractor of preference for PMC services.  Technip Energies has effectively backed clients’ company goals and consistently delivered projects with exceptional safety and environmental performance that meet costs, schedule, and quality objectives.

About Technip Energies

Technip Energies is a world-leading Engineering & Technology business for the energy transition, with leadership positions in Liquified Natural Gas (LNG), hydrogen, and ethylene as well as expanding market positions in blue and green hydrogen, sustainable chemistry, and CO2 management. The company leads from its strong project delivery model supported by wide-ranging technology, products, and services offering.

The expertise of T.EN consists of a wide range of design and project development services, from early engagement to delivery. The company is proud of its 60-year history of executing some of the world’s leading and most intricate engineering and construction (E&C) projects.

Operating in thirty-four countries, the company’s 15,000 people are fully committed to bringing its clients’ innovative projects to life, breaking boundaries to accelerate the energy transition for a healthier prospect.

Accelerating the energy transition for better prospects

Technip Energies combine its E&C capabilities with its hi-tech proficiency to create novel solutions that will assist the world’s energy transition. The business’s leadership in LNG, a critical transition fuel, positions it well for the time to come.

T.EN offers an array of construction, design, and industrial solutions that the business anticipates will become more important as the earth transitions to a less carbon-reliant economy.

Technip Energies’ DNA

Technip Energies’ DNA is stated through its Purpose (why the company exists), and its Values (how it works); it is also manifested through its ESG commitments (what indeed is relevant to the company and its strategic priorities)

T.EN is listed on Euronext Paris with American depository receipts (‘‘ADRs’’) trading over the counter in the United States.

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