Petrofac says $700m oil deal won in Kuwait

  • Share via facebook
  • Tweet this
  • Bookmark and Share
(Photo for illustrative purposes only)

(Photo for illustrative purposes only)

Petrofac, the international oil and gas services provider, has announced that it has won a $700 million contract from Kuwait Oil Company.

The project will be completed over a period of approximately three years and the scope of work includes the engineering, procurement, construction, pre-commissioning and commissioning of KOC's GC29 gathering centre.

GC29 is one of three gathering centres being constructed to support KOC’s plans to increase and maintain oil production over the next five years.

Each of the three gathering centres will be capable of producing around 100,000 barrels of oil per day together with associated water and gas.

Subramanian Sarma, managing director of Petrofac's Onshore Engineering & Construction business, said: “We have a long track record with KOC which extends over the last 14 years and the award of GC29 represents our tenth project in the country to date.

"With ongoing projects for both KOC and Kuwait National Petroleum Company and good visibility of the future pipeline, Kuwait is, and will continue to be, of strategic importance to Petrofac’s ambitions in the Middle East market.”

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Gulf states get more assertive as Iran closes in on nuclear deal

Gulf states get more assertive as Iran closes in on nuclear deal

Biggest concern is what they see as Shi'ite Iran's regional expansionism...

At OPEC, some sow seeds of solar energy race in Gulf

At OPEC, some sow seeds of solar energy race in Gulf

Race to develop solar power arrays in the world's sunniest nations...

US drivers yield 'swing' oil demand to Saudis

US drivers yield 'swing' oil demand to Saudis

The world’s biggest oil producer is now also the planet’s largest...

Most Discussed