Petrofac awarded US$700 million project in Kuwait
Petrofac, the international oil and gas services provider has received an award notification for Kuwait Oil Company’s (KOC) gathering centre 29 (GC29) which is located approximately 70 km north of Kuwait City in the north of the country.
Valued at approximately US$700 million, the project will be completed over a period of approximately three years. The competitively tendered lump-sum greenfield scope of work includes the engineering, procurement, construction, pre-commissioning and commissioning of GC29.
GC29 is one of three gathering centres being constructed to support KOC’s plans to increase and maintain oil production over the next five years. Each of the three gathering centres will be capable of producing around 100,000 barrels of oil per day together with associated water and gas.
Subramanian Sarma, Managing Director of Petrofac’s Onshore Engineering & Construction business, commented: “We have a long track record with KOC which extends over the last 14 years and the award of GC29 represents our tenth project in the country to date. With ongoing projects for both KOC and Kuwait National Petroleum Company and good visibility of the future pipeline, Kuwait is, and will continue to be, of strategic importance to Petrofac’s ambitions in the Middle East market.”