Petrofac wins $200m Kuwait EPC contract
Kuwait, September 28, 2012
Leading oil and gas service provider Petrofac said it has won a $200 million lump-sum engineering, procurement and construction (EPC) contract for a new power distribution network in North Kuwait.
The project, which was awarded by Kuwait Oil Company (KOC) following a competitive tender, will be completed in 24 months.
Under the terms of the contract, Petrofac will construct three new substation buildings as well as putting down approximately 900km of buried cable to connect the site’s substations to the distribution network.
When complete, the new facilities will provide a more robust power supply to support the development of the onshore oil fields in North Kuwait.
Marwan Chedid, the chief eecutive of Petrofac’s Engineering, Construction, Operations & Maintenance (ECOM) division, said, "Petrofac has a well-established local presence in Kuwait. This latest award is our eighth EPC project for KOC."
"It builds on a long history of working together successfully and we look forward to again proving our delivery capability to KOC through this contract," he added.-TradeArabia News Service