Amec Foster Wheeler has predicted a strong future for the Kuwaiti oil and gas sector, hailing innovation and efficiency as the watch words for progress.
Speaking at the Kuwait Oil and Gas Show, Amec Foster Wheeler’s Chief Executive, Samir Brikho, said the company had received overwhelmingly positive feedback to its portfolio of projects in the country.
“Immediate opportunities for oilfield service providers lie with innovation and innovative approaches if not with entirely new technologies. The industry must be transformed to deliver capital efficiency beyond cost cutting,” he said.
With its relatively low production costs and enormous wealth of raw hydrocarbon resources, the Middle East market remains strong at a time of oil price uncertainty. Brikho said that Kuwait is a high performing country for Amec Foster Wheeler in the region.
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