Middle East Economic Survey

VOL. XLVIII

No 14

4-April-2005

KUWAIT

Petrofac Wins KOC Maintenance Contract

Sharjah-based Petrofac announced on 26 March that its subsidiary Petrofac Facilities Management had been awarded a $125mn five-year contract by Kuwait Oil Company (KOC) to deliver full maintenance services on the North and West areas in Kuwait. Petrofac said this was the first performance-based full maintenance services contract within Kuwait to be awarded to an international contractor. The...