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15 Sep 2015 07:00
Embargoed until 0700 hrs 15 September 2015
KBC Advanced Technologies plc
("KBC", the "Company" or the "Group")
Significant reliability and maintenance contract award
with major Russian refining company
KBC Advanced Technologies plc, a leading consultancy and software provider to the hydrocarbon industry, is pleased to announce a multi-million dollar reliability and maintenance contract award from a major Russian refining company. This is the largest award KBC has ever won in the FSU and the largest reliability and maintenance project in the Group's history.
This contract follows the initial study phase performed by KBC, with this awarded implementation phase being an 18 month engagement. The services provided will enhance maintenance and reliability performance at multiple refining sites to allow the client to deliver leading performance with respect to operational availability at optimum cost. The scope includes optimisation of maintenance turnarounds using KBC's unique Turnaround Optimisation Program™ standards, as well as routine maintenance and reliability improvement initiatives.
Kevin Smith, KBC's Chief Commercial Officer, said "We are delighted to have been awarded this contract which demonstrates KBC's ability to secure major bottom line benefits for its clients during difficult economic conditions within the oil industry. Looking forward, we see this as a stepping stone to expanding our footprint within Russia and the FSU."
Together with other recently announced contract wins this award continues to give the KBC Board confidence in its expectations for 2015.
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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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