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Tue 8 Jun 2010 06:46 AM

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Kuwait awards $155m oil and gas contract

ABB wins deal to build 123km oil transit line; project slated for 2012 completion.

Kuwait awards $155m oil and gas contract

ABB, the power and automation technology group, on Tuesday said it has won a contract worth $155 million from the Kuwait Oil Company (KOC).

The company will design and build a new 123km crude-oil transit line and associated ancillary systems.

The transit line will run between oil fields in the north of the country and a storage facility in the south.

It will be equipped with pipeline inspection gauges at 15km intervals, a leak-detection system and metering stations, the company said in a statement.

The new installations are designed to transport up to 665 thousand barrels of oil per day to a tank farm in southern Kuwait.

More than half of the oil will come from the newly established Jurassic field in northern Kuwait.

“ABB has the technologies, industry knowledge and experience to deliver this important project to our customers,” said Veli-Matti Reinikkala, head of ABB’s Process Automation division.

Under the agreement, ABB will be responsible for the design, engineering, procurement, construction supervision, commissioning and start-up of the new system.

The project is scheduled for completion in spring 2012.

The ABB Group of companies operates in around 100 countries and employs about 117,000 people.

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