WorleyParsons has been awarded a four year contract by Joint Operations which is staffed and funded equally by Kuwait Gulf Oil Company (representing the State of Kuwait) and Saudi Arabian Chevron Inc., (representing the Kingdom of Saudi Arabia) to provide engineering, project management and construction management services to maintain and boost production from the onshore oil fields located in the partitioned zone between the countries of Kuwait and Saudi Arabia (Partitioned Zone).
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The contract will be executed from WorleyParsons’ offices in Kuwait, United Kingdom and India. The estimated revenue to WorleyParsons from the contract is in excess of USD 90m.
Commenting, WorleyParsons’ CEO John Grill stated: “We are pleased to be able to provide our services to both Kuwait Gulf Oil Company and Saudi Arabian Chevron Inc., to assist with the development of their oil fields. We understand the significance of these oil fields to the region and we will work closely with the partners in the Joint Operations to create the maximum value over the lifetime of the fields in the Partitioned Zone”.