Petrofac Awarded US$200 Million Project in Kuwait
Petrofac, the international oil & gas service provider, has been awarded a US$200 million lump-sum engineering, procurement and construction (EPC) contract by Kuwait Oil Company (KOC) for a new power distribution network in North Kuwait. The project was awarded following a competitive tender and 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 900 kilometres 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, Chief Executive of Petrofac’s Engineering, Construction, Operations & Maintenance (ECOM) division, commented: “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.”