KBC Advanced Technologies has entered into a joint collaboration agreement with Advisian, the independent consulting business line of WorleyParsons, to utilise the strengths of each company and their affiliates to pursue projects involving consulting, software implementation, design and engineering services, initially for the oil and gas, refining and petrochemical business sectors. Advisian's advisory, technical and project management skills complement KBC in a number of key areas that will create additional value for our clients. This extends worldwide the successful relationship developed between KBC and WorleyParsons in Asia since 2009.
To accelerate this joint collaboration, KBC is pleased to announce that WorleyParsons' Advisian has awarded KBC a global five year, US$4.36m technology contract for KBC's Petro-SIMTM, MaximusTM and MultiflashTM software. Advisian believes technology is, and will continue to be, a critical edge in delivering value to oil and gas clients and this contract consolidates a number of KBC product licences into a much larger global deal. The adoption of KBC's engineering simulation software in reservoir PVT, production and process facilities modelling is a key step in strengthening the relationship between the two companies.