Petrofac Inks Agreement with Kuwait Oil Company

Petrofac Inks Agreement with Kuwait Oil Company

Petrofac has agreed a five-year relationship with Kuwait Oil Company (KOC) for the provision of specialist technical training and competency development services. The contract, which is valued at more than $35m, was secured following a competitive tendering process and is effective immediately, according to Petrofac’s press release.

The work will be undertaken within Kuwait by the Training Services team who form part of Petrofac’s Engineering & Production Services division.

Petrofac’s Vice President, Karim Osseiran, Training Services, Engineering & Production Services, East said: “This is a highly innovative, long-term project. A team of more than 30 training professionals and technical specialists from Petrofac will be embedded within KOC’s operations to deliver skills and competency-based learning and development services at the frontline of production operations,” Your Oil and Gas reported.

Osseiran stated “The award clearly demonstrates KOC’s commitment to its people and the importance it places on the development of competency and skills within its workforce. This project will build legacy value through the development of systems and processes to operationalize human capability development where it matters the most, in the field. We are delighted to have the opportunity to support KOC throughout this journey and look forward to making a real difference to performance.”

Mahinaz El-Baz 312 Posts

Mahinaz El Baz received her MSc degree in Foreign Trade Economics from Helwan University in 2016. She has two years of experience in journalism and four years of experiance in economic analysis. She received the "Best Economic Article Award" in 2016 from CFA Society Egypt.

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