Thursday 28 March 2024
 
»
 
»
CRUDE PRODUCTION BOOST

Petrofac ... enjoys long track record in Kuwait.

Petrofac lands $780m EPC contract in Kuwait

KUWAIT, July 15, 2015

Kuwait Oil Company (KOC) has awarded a lump-sum engineering, procurement and construction (EPC) contract worth $780 million to leading oil and gas services provider Petrofac for developing a manifold group trunkline (MGT) system in the north of Kuwait.

The project is integral to KOC’s plans to increase and maintain crude production over the next five years, said the company in a statement.

Three new gathering centres (GCs), which form part of the broader project, are already under construction with Petrofac executing the EPC contract for GC 29, it stated.

Due for completion towards the end of 2017, the MGT system will provide the feedstock to each of the GCs via three independent networks of intermediate manifolds and pipelines.

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

Marwan Chedid, the chief executive of Petrofac (Engineering, Construction, Operations and Maintenance) division, said: “We have a long track record in Kuwait which extends over the last 15 years and the MGT award represents our 12th project in the country. Kuwait is, and will continue to be, one of our core markets and is of strategic importance to Petrofac’s ambitions in the Middle East."

"We look forward to working with KOC to deliver this project safely and on schedule," he added.-TradeArabia News Service




Tags: Kuwait | Crude | Petrofac |

More Energy, Oil & Gas Stories

calendarCalendar of Events

Ads