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| Amec acquires 60% interest in Kazakh services company UK-based Amec plc, the international project management and services company, has agreed to acquire a 60% interest in Batys Kazakhstan Kuat Service Limited ('BKKS'), a Kazakh oilfield services limited liability partnership, from Kinlee S.A. for a total cash consideration of up to £5m (US$10m). In 2006, BKKS generated revenues of £6m (US$12m). Based in Aksai in northwest Kazakhstan, BKKS has been active in the oilfield asset support, operations and maintenance market since 2001. It employs over 200 skilled personnel on a number of long-term service contracts in the Karachaganak gas field, one of the largest in the world. Amec has been working in Kazakhstan since 1993 and has recently opened an office in Uralsk to provide engineering, project, procurement and construction management services to the oil and gas fields in northwest Kazakhstan. write your comments about the article :: © 2007 Construction News :: home page |