Similar contracts represent €250 million to €500 million (US$263 million to US$526 million) in revenue, Technip Energies said. (Source: Wirestock Creators/ Shutterstock.com)
Technip Energies has been awarded a large contract for project management consultancy by Kuwait Oil Co. (KOC). Such contracts represent €250 million to €500 million (US$263 million to US$526 million) in revenue, the company said in a Jan. 5 press release.
The five-year framework agreement contract covers front-end engineering design, project management, and associated services for KOC’s major projects.
This contract is a renewal of the first five-year framework agreement that KOC awarded to Technip in 2014.
“This award reinforces the strong and lasting relationship we have built with KOC and reaffirms our outstanding consultancy delivery as well as our long-standing presence in Kuwait,” Charles Cessot, Technip Energies senior vice president, said in the release.
Recommended Reading
Kimbell Royalty Partners Boosts Midland Basin Position with $143 Million Deal
2023-04-12 - Kimbell Royalty Partners is growing its Permian Basin footprint with royalty acres in the Northern Midland Basin in an acquisition with MB Minerals, a subsidiary of Sabalo Holdings LLC.
Enverus: Eagle Ford Upstream Deal Activity Soars in Q1
2023-05-03 - E&Ps continue to look at the Permian Basin for undeveloped acreage, but deal activity in the Eagle Ford Shale surged in the first quarter as buyers searched for producing assets.
Ovintiv’s $4.2 Billion Permian Deal Improves Inventory Runway, Crude Output
2023-04-04 - Ovintiv’s $4.275 billion bid to acquire three EnCap-backed E&Ps in the northern Midland Basin adds much-needed inventory and addresses key investor concerns, analysts say.
NOG Joins Vital Energy in $540 Million Delaware Deal
2023-05-15 - Northern Oil and Gas Inc. is partnering with Vital Energy on a $540 million acquisition of oil and gas assets in the Delaware Basin.
Vitol’s VTX Energy Partners Completes Southern Delaware Basin Deal
2023-03-23 - VTX Energy, backed by Swiss oil trader Vitol, purchased 35,000 net leasehold acres with an average production of 40,000 boe/d in the Delaware Basin’s Pecos and Reeves counties, Texas, in a deal Enverus said could be valued at $1.5 billion to $2 billion.