KBR, AYTB to provide maintenance services at Saudi refinery

26 December 2012 22:25  [Source: ICIS news]

HOUSTON (ICIS)--US-based KBR and Saudi Arabia-based AYTB have signed a seven-year contract to provide maintenance services for Saudi Aramco Total Refining and Petrochemical Company’s (SATORP) new world-scale refinery, the engineering firms said on Wednesday.

The joint venture between KBR and AYTB will perform services worth $140m-170m (€106.4m-129.2m) at the 400,000 bbl/day Jubail refinery, which will begin production in 2013.

This is the first time a major participant in the Saudi Arabian hydrocarbon industry has outsourced a full-service maintenance contract.

“This contract could redefine how plant maintenance will be performed in the future,” AYTB’s CEO Abdulmohsen al-Ogaili said. “The partners are committed to realising the intended long-term benefits of this contract and demonstrate a model for delivering services which has not previously been tested in the kingdom.”

Services include management over mechanical, electrical and instrumentation disciplines, as well as subcontractor activities; executions and predictive programs; procurement of tools and equipment; and development or reliability and cost optimization programs.

($1 = €0.76)

By: Tracy Dang
+1 713 525 2653

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