2nd Dec 2014 07:00
Embargoed until 0700 hrs 2 December 2014
KBC Advanced Technologies plc ("KBC") announces
$48.6 million Consulting contract award for an extension to the Operational Excellence project with a South American oil and gas company
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."
-Ends-
For further information, please contact:
KBC Advanced Technologies plc | |
Ian Godden, Executive Chairman | |
Andrew Hebb, Interim Chief Financial Officer | +44 1932 236314 |
Cenkos Securities plc | |
Bobbie Hilliam/Harry Pardoe | +44 20 7397 8900 |
Weber Shandwick Financial | |
Nick Oborne/Stephanie Badjonat/Tom Jenkins | +44 20 7067 0000 |
About KBC
KBC is a leading consultancy and software provider to the global hydrocarbon processing industry. With over 30 years of experience, KBC combines industry leading technology with experienced engineers and operations personnel using robust methodologies to create personalised, sustainable solutions for its clients. For more information, visit www.kbcat.com.
To contact any of KBC's offices, please visit http://www.kbcat.com/locations.
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