KBC Kbc Adv.Tech.

RNS Number:6752D
KBC Advanced Technologies PLC
12 January 2000


                   KBC Advanced Technologies plc
                     ("KBC" or "the Company")
                                 
                 New contracts in the Arabian Gulf

KBC is pleased to announce that it has signed two contracts with a
major national oil company located in the Arabian Gulf area.   The
contracts cover Profit Improvement Programs and Continuing Service
activities  at a number of refineries and gas plants.   Work  will
commence in 2000 and extend into 2002.

On  the  basis that the client takes up all the options available,
the  contract will have a value of over $10 million.  In  view  of
this  contract  and  other work on-going  in  the  area,  KBC  has
recently  opened  a liaison office in Bahrain in order  to  better
serve its growing client base.

Michael Press, Executive Chairman, commented "Although the  timing
and  the  extent of any general recovery in KBC's markets  remains
uncertain, these contracts reaffirm KBC's market leading  position
and  give  us confidence in the Company's ability to benefit  from
any  upturn  in the market.  While these contracts are significant
for KBC, they do not impact the management's view of the prospects
for 2000.

"The  discussions referred to in our announcement of  17  November
are  continuing  and  we  will keep shareholders  advised  of  any
developments."


Enquiries:

KBC Advanced Technologies plc                     001 281 293 8200
Michael W Press, Chairman

Square Mile Communications Ltd                       0171 601 1000
Tim Jackaman/Kirsty Hall

Notes  to  Editors: KBC Advanced Technologies  plc  is  a  leading
independent   process  engineering  group,  providing  specialised
consultancy and support services to enable oil refiners to improve
operational efficiency and profitability.  KBC has a broad  spread
of  clients ranging from large integrated oil companies  to  small
independent refiners.

END

MSCSFDFIESSSEFF

Kbc Adv.Tech. (LSE:KBC)
Historical Stock Chart
From Jun 2024 to Jul 2024

Kbc Adv.Tech. (LSE:KBC)
Historical Stock Chart
From Jul 2023 to Jul 2024