GE Oil & Gas has signed a memorandum of understanding (MoU) with the Kuwait Oil Company (KOC) to collaborate in the state of Kuwait in research and development aimed at developing cost-effective solutions for the oil and gas sector and providing specialized training programs for Kuwaiti engineers.
The signing ceremony took place on the night before the 16th GE Oil & Gas Annual Meeting in Florence. Rafael Santana, President & CEO, Turbomachinery Solutions signed the MoU on behalf of GE Oil & Gas and Hashem Hashem, CEO of KOC signed on behalf of KOC. Jeff Immelt, Chairman & CEO of GE and Lorenzo Simonelli, President & CEO of GE Oil & Gas were also present together with Mr. Nizar Al-Adsani, CEO of Kuwait Petroleum Corporation.
“This agreement underlines our commitment to working in true partnership to promote the development of local human capital including technical skills of young engineers,” said Mr. Santana. Rami Qasem, president & CEO, GE Oil & Gas Middle East, North Africa & Turkey remarked “as a long-term partner of KOC, it is fantastic to be able to grow our relationship by sharing our knowledge base and advancing training initiatives in Kuwait.”
Hashem Hashem of KOC said: “As we go forward, realizing success will hinge on collaborating with local and international institutions. For this, KOC approached GE Oil & Gas to achieve a collaborative partnership that comes in-line with Kuwait International Petroleum Research Center’s (KIPRC) collaboration strategy and can be used to promote cooperation in areas that address our collective challenges and to support the acceleration of the learning curve in KOC in accordance with R&D/TM Roadmap. The parties, KOC and GE Oil & Gas, shall together promote cooperation in R&D and technology innovations, education and training and the development of KOC employees.”
Image from GE