Technip announced Kuwait Oil Co. awarded the contract for consulting work on the construction and overhaul of oil and natural gas facilities in Kuwait.
"This contract is a significant milestone for Technip in the Middle East," Vaseem Khan, a vice president in charge of Middle East operations, said in a statement Wednesday.
Technip said it would lend its services to its Kuwaiti counterparts for the next five years. The contract has an option for a 1 year extension.
There was no statement from Kuwait Oil Co.
Kuwait is a member of the Organization of Petroleum Exporting Countries. OPEC said in its latest monthly market report the country produced 2.9 million barrels per day in November, a 1.5 percent increase from the previous month.
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