PETRONAS Signs Strategic Alliance with KBC

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KBC Process Technology Ltd. (KBC) announces the signing of a Strategic Alliance agreement with Petroliam Nasional Berhad (PETRONAS), the Malaysian national oil company.

Petronas has taken advantage of KBC’s independent consulting expertise to improve the profitability of several Petronas plants and we look forward to gaining further value from the broadening of this cooperation.

KBC Process Technology Ltd. (KBC) announces the signing of a Strategic Alliance agreement with Petroliam Nasional Berhad (PETRONAS), the Malaysian national oil company.

The alliance covers the provision of specialized consulting services, software tools and methodologies to enhance the capability of the newly formed Petronas Group Technology Solutions (PGTS), assist PGTS with implementation of the Operating Performance Improvement (OPI) initiative in the Petronas Operating Units (OPUs), to collaborate on joint technology development and to support learning at the Petronas University of Technology (UTP). The initial term is 2 years, with an option to extend.    

George Bright, KBC’s Chief Executive Officer, remarked, “We are delighted that Petronas has selected KBC as their partner of choice with the signing of this important agreement. We look forward to working closely with the Petronas to achieve further improvements in operating performance. ”

Datuk Abdul Rahim Hashim, Vice President of Petronas Research and Technology commented “Petronas has taken advantage of KBC’s independent consulting expertise to improve the profitability of several Petronas plants and we look forward to gaining further value from the broadening of this cooperation.”

About Petronas:

PETRONAS, short for Petroliam Nasional Bhd, is Malaysia's national petroleum corporation established on 17 August 1974. Wholly-owned by the Government, the corporation is vested with the entire oil and gas resources in Malaysia and is entrusted with the responsibility of developing and adding value to these resources. Since its incorporation PETRONAS has grown to be an integrated international oil and gas company with business interests in 31 countries. As at end of October 2005, the PETRONAS Group comprised 101 wholly-owned subsidiaries, 19 partly-owned outfits and 57 associated companies. The Group is engaged in a wide spectrum of petroleum activities, including upstream exploration and production of oil and gas to downstream oil refining; marketing and distribution of petroleum products; trading; gas processing and liquefaction; gas transmission pipeline network operations; marketing of liquefied natural gas; petrochemical manufacturing and marketing; shipping; automotive engineering; and property investment.

About KBC:

KBC Advanced Technologies plc, a leading independent consulting, process engineering and software group, delivers improved operating performance to the oil refining, petrochemical, and other process industries worldwide. We provide process consulting, strategic planning advice, energy price forecasting and market analysis, economic studies, capital project services, and training to help clients achieve their business objectives and improve their competitive position. KBC’s human performance improvement division, TTS Performance Systems, provides organisational effectiveness services, training programmes, operations manuals, and personnel development services. KBC’s consultants recommend changes for material and measurable improvements in profitability. To assist clients in realising such improvements, KBC provides implementation services and software solutions, including the KBC SIM models and Petro-SIM™ for process optimisation, and the Linnhoff March and Veritech energy optimisation software packages. Formed in 1979, KBC has offices in the UK, USA, Canada, Singapore, the Netherlands, Russia, China, and Japan. For more information, visit http://www.kbcat.com

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Tamra Daniels
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