ABB wins $155m Kuwait oil contract
Zurich, June 7, 2010
ABB, the leading power and automation technology group, has won a $155 million contract from the Kuwait Oil Company (KOC) for a turnkey project to design and build a new crude-oil transit line and associated ancillary system.
The project includes the expansion of an existing manifold (a pipeline consolidation installation) at Point A, a location in the north of the country, and the installation of the new transit line.
The 123 km, 30-inch-diameter 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 15 km intervals, a leak-detection system and metering stations.
The new installations are designed to transport up to 665,000 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.
“By providing reliable solutions and infrastructure, we help our customers to optimize the productivity and efficiency of their operations,” he added.
ABB will be responsible for the design, engineering, procurement, construction supervision, commissioning and start-up of the new system. It will also provide an automation system and distributed-control systems, as well as instrumentation, electrical equipment and an emergency-shutdown system.
The project is scheduled for completion in spring 2012, the company said in a statement.-TradeArabia News Service