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11 Sep 2015 07:00
Embargoed until 0700 hrs 11 September 2015
KBC Advanced Technologies plc
KBC awarded Profit Improvement Programme (PIP™)
at major Middle East national oil company
KBC Advanced Technologies plc ("KBC"), a leading consultancy and software provider to the hydrocarbon industry, is pleased to announce the award of a three-year, US$8.5m consulting contract to assist a major Middle Eastern client with margin improvement and workforce capability development across three refineries. The award, which was subject to competitive bidding, includes provision for a further US$2.4m of optional services.
In the late 1990's KBC conducted profit improvement programmes for this client with significant benefits identified and agreed. KBC is therefore very pleased to be asked to return, this time with more sophisticated tools and a wider portfolio of capabilities, to assist in the identification of improvement opportunities. This award is in addition to our current consulting engagement in the country, which is to assess the feasibility of investing in a new petrochemical complex.
Kevin Smith, KBC's Chief Commercial Officer, said "KBC is pleased to be awarded this prestigious contract that will strengthen our excellent relationship with this client and reflects our recent enhanced focus on the region. Despite the current uncertainty in the oil markets, many of our clients continue to invest in the downstream oil sector and we look forward to helping them extract the best value from their downstream operations."
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For further information, please contact:
KBC Advanced Technologies plc | +44 (0)1932 236314 |
Andrew Howell, Chief Executive Officer | |
Eric Dodd, Chief Financial Officer | |
Cenkos Securities plc | |
Bobbie Hilliam/Harry Pardoe | +44 (0)20 7397 8900 |
Weber Shandwick Financial | |
Nick Oborne/Tom Jenkins | +44 (0)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 our offices, please visit http://www.kbcat.com/locations.
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