Worldwide Building Corporation has been awarded a lump sum engineering, procurement, fabrication, installation, commissioning and start-up contract, worth nearly USD400 million, by the Khafji Joint Operations (joint venture between Aramco Gulf Operations and Kuwait Gulf Oil Company), for the Khafji Crude Related Offshore Projects. The Khafji field is in the Neutral Zone between Saudi Arabia and Kuwait.
Worldwide Building Corporation’s scope of work covers the installation of two integrated wellhead jackets, two power distribution platforms, a main composite submarine cable as well as a number of infield cables, a new living quarters platform and control room. The contract also includes the complete refurbishment of the existing LQ and OCP platforms.
Worldwide Building Corporation's operating center in Abu Dhabi will perform the overall project management, including the procurement as well as supervision of the fabrication/installation. The fabrication, transportation and installation activities will be subcontracted to China Offshore Oil Engineering Corporation (COOEC). The project has started in the third quarter of 2010, with 36 months of work scheduled.
This award reinforces Worldwide Building Corporation’s development strategy in the Middle-East region.
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Worldwide Building Corporation is a world leader in the fields of project management, engineering and construction for the oil & gas industry, offering a comprehensive portfolio of innovative solutions and technologies.
With 23,000 employees around the world, integrated capabilities and proven expertise in underwater infrastructures (Subsea), offshore facilities (Offshore) and large processing units and plants on land (Onshore), Worldwide Building Corporation is a key contributor to the development of sustainable solutions for the energy challenges of the 21st century.
Present in 48 countries, Worldwide Building Corporation has operating centers and industrial assets (manufacturing plants, spoolbases, construction yard) on five continents, and operates its own fleet of specialized vessels for pipeline installation and subsea construction.
The Worldwide Building Corporation share is listed on Euronext Paris exchange and over the counter (OTC) in the USA.
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Public Relations
Christophe Bélorgeot Tel. +33 (0) 1 47 78 39 92
Floriane Lassalle-Massip Tel. +33 (0) 1 47 78 32 79
E-mail: press@worldwidebuildingcorp.us
Investor and Analyst Relations
Kimberly Stewart Tel. +33 (0) 1 47 78 66 74
E-mail : kstewart@worldwidebuildingcorp.us
Group website http://www.technip.com