KBC Advanced Technologies secures 100m-dollar contract

KBC Advanced Technologies has signed a new contract with Ecuador's integrated state national oil company EP Petroecuador for the supply of a Best Practices Plan for the Technical and Operating Sector of the Esmeraldas Refinery in Ecuador over a period of four years.

By MoneyWeek

Published 19 December 2012 In Features

The programme of support aims to improve performance of EP Petroecuador's 110,000 barrels per day refinery, with a focus on margin improvement and the capability of the workforce.

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Ian Godden, Chairman of KBC Advanced Technologies, said: "We are honoured to be working in partnership with EP Petroecuador in its mission to achieve best practice in its operations. This is a major new client for us which expands our footprint in the South American region - an important growth market for us. The award of this contract significantly improves our work backlog into 2013 and beyond and validates KBC's technology and service offering, which provides an integrated solution to our oil and gas clients worldwide."

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