CIS announces the simultaneous signature of two new contracts for an aggregate amount exceeding US$60 million
- In Saudi Arabia, with Saudi Aramco, for the Khurais project, through its joint venture with the Saudi Arabian group, Al Zamil, for three years
Saudi Aramco, the state-owned Saudi Arabian oil company, is the world's largest oil company, possessing virtually all oil resources of the Saudi Arabian kingdom.
Saudi Aramco decided to entrust CIS with the management of the remote site (catering, living accommodations, cleaning, laundry, maintenance, security, convenience store for basic necessities) for the above project for 750 people or more than 800,000 meals per year.
This project is part of the program for developing infrastructure for the Khurais oilfield that began in 2006 covering a 2,890 km² area 250 km south of Dammam. This is one of the most important investment projects in Saudi Arabia and the largest project of Saudi Aramco.
The Khurais expansion project is expected to increase oilfield output by 300,000 barrels per day (bpj) to 1.5 million barrels per day and produce 4,000,000 m³ of associated gas per day.
With this contract, CIS enters the very exclusive circle of suppliers selected by the world's largest oil company. The development prospects with this customer are in consequence considerable.
- In Mauritania, with Kinross Gold Corporation, the Canadian-based mining company, as part of the Tasiast project, for three years
Following a call for tender launched in connection with the Tasiast project, CIS has been again selected to assure the management of catering, living accommodations, cleaning, reception, maintenance, waste management and pest control services for the above mining site for 1,500 people or 1,600,000 meals per year.
The Tasiast mine, located 300 km north of the capital, Nouakchott, is one of the world's major open pit gold mines. Proven mine reserves are estimated at 5 million ounces of gold (171.82 tons)
CIS has been present on this project since Kinross started up operations in this country in 2011. This has given the customer an opportunity to evaluate the quality and rigour of CIS' programs for QHSE control and oversight and the CSR policy adopted to promote economic and social development of the country and local populations.
These contracts illustrate the relevance of CIS' positioning as a specialised provider of catering and living accommodation services for extreme environments and are fully in line with the ARISE 500 strategic plan that provides for strengthening Group positions in the oil and gas sectors.