The boss of Amec Foster Wheeler believes innovation and new approaches to projects were the drivers of future success for oilfield service companies.
Chief executive, Samir Brikho, speaking in the opening executive plenary session at the Kuwait Oil and Gas Show, outlined the opportunities for oil service providers.
He said: “Immediate opportunities for oilfield service providers lie with innovation and innovative approaches if not with entirely new technologies” and that “the industry must be transformed to deliver capital efficiency beyond cost cutting.”
The Middle East market remains strong at a time of oil price uncertainty and Kuwait is a high performing country for Amec Foster Wheeler in the region.
The company has delivered services on megaprojects in Kuwait for the past 10 years and is currently executing a number of long-term Project Management Contracts (PMC) for the Kuwait National Petroleum Company and Kuwait Oil Company.
AFW is also delivering environmental services in the country, including a PMC for the Kuwait Environmental Remediation Project and project management and design review services for the Kuwait International Petroleum Research Centre.
The company currently has approximately 850 people based in Kuwait, with plans for future expansion.
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