Gulf Oil and Gas accountACCOUNT

Saudi/Kuwait 5-Year Engineering Services Contract

Source: www.gulfoilandgas.com 2/28/2006, Location: Middle East

WorleyParsons has been awarded a US$69 million contract to provide services to Al-Khafji Joint Operations. The contract is to provide engineering services for a suite of expansion and renovation projects for Al-Khafji Joint Operations’ existing oil and gas production facilities (both offshore and onshore).

The contract is for 5 years and includes provision for engineering studies, basic engineering, Front-End Engineering Design (FEED), design, detailed engineering, preparation of tender packages, vendor supervision, construction supervision and other engineering activities required for the successful execution of the projects.

Al-Khafji Joint Operations’ (KJO) is owned and operated jointly by Aramco Gulf Operations Company Ltd. (a wholly owned subsidiary of Saudi Aramco) and Kuwait Gulf Oil Company (a wholly owned subsidiary of Kuwait Petroleum Corporation). KJO is responsible for the oil and gas exploration, development and production in the offshore area of the zone straddling the border between the Kingdom of Saudi Arabia and the State of Kuwait - and operates extensive offshore and onshore oil and gas production and processing facilities in this area. These facilities currently produce approximately 300,000 barrels of oil per day.

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