Page 11 - MEOG Week 47 2021

MEOG TENDERS MEOG

International engineers

compete for Kuwaiti work

KUWAIT UK-BASED Amec Foster Wheeler, US firm KOC’s parent firm Kuwait Petroleum Corp.
KBR and Australia’s Worley are all reported to (KPC) the emirate would increase its maximum
have advanced to the final stage of bidding for sustainable capacity for oil production from the
a contract to provide engineering and project current 2.6mn barrels per day (bpd) to 3.5mn
management for Kuwait Oil Co. (KOC). bpd by 2025 and 4mn bpd a decade later, with
The local Arabic language daily Alanba the latter target brought forward by five years.
quoted sources at KOC as saying that the bids KPC CEO Hashem Hashem said KOC would
from the three companies had been put forward achieve the increase through work on gathering
for consideration following the rejection of centres, the expansion of water handling and
offers from US-based Fluor and London-listed water injection facilities as well as upgrades to
TechnipFMC. The sources did not provide any existing Jurassic production facilities and the
rationale for the rejection of the bids. addition of new production units and wells.
The contract involves “providing services for Kuwait News Agency (KUNA) quoted
comprehensive engineering designs and large Hashem as saying that KOC’s projects included:
project management for five years” for one of “Upgrading current Jurassic production facilities
KOC’s oil projects. For this, Worley was reported and establish two additional facilities to increase
to have offered the low bid of KWD81.2mn light crude production. This plan will be imple-
($268mn) with KBR coming in second place mented in combination with an integrated drill-
with a bid of KWD88.4mn ($291.7mn). ing programme of 500 wells per year on average
One source said: “The bids submitted by the and around 2,000 wells workover.”
three companies will be considered within one The news followed reports in September that
month … a recommendation for awarding the the company would drill an extra 300 wells per
contract will be then submitted to the Central year, taking the annual total to 700, as part of a
Agency for Public Tenders [CAPT].” $6.1bn capital expenditure on exploration activ-
In October, the Ministry of Oil (MoO) and ities over the next five years.™

Week 47 24•November•2021 www. NEWSBASE .com P11