KBC is pleased to announce a two year contract award from a South American oil and gas company. This contract constitutes an expansion and extension of an existing relationship. The contract will see KBC immediately expand its support to the refinery with a focus on providing operational readiness and management support for the upcoming revamping of its facilities. The focus of this support is to ensure both the effectiveness of the organisation in managing these activities and in ensuring the safety of personnel in the facility.
The contract is worth more than US$48.6 million to KBC over a 24 month period and extends the current contractual relationship to 2018. This represents a deepening of KBC's relationship with the client in its pursuit of Operational Excellence and is a direct reflection of the success the partnership has had to date in improving plant performance.
Ian Godden, Executive Chairman, commented, "This is the third largest award in the Company's history and gives us excellent revenue visibility into 2015 and beyond."
Kevin Smith, Managing Partner, Consulting, at KBC, added, "KBC has a unique combination of skillsets and supporting software that allows it to effectively drive improvements in production for its clients. This award reflects the client's continued trust in our ability to deliver on our commitments and is a direct result of the great work by the combined KBC/client team."