Page 11 - MEOG Week 19 2022
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MEOG                                            TENDERS                                               MEOG


       KOC nears award for




       pump supply deal




        KUWAIT           STATE-OWNED Kuwait Oil Co. (KOC) is  down” their bids, with the highest offer – report-
                         expected to announce soon the award of con-  edly submitted by Schlumberger – having previ-
                         tract for the supply of oilwell pumps to support  ously come in at around KWD698mn ($2.8bn).
                         its broad production expansion push.   KOC is also considering 26 bids from inter-
                           The local Al-Anba Arabic-language daily  national and local companies for the provision
                         reported on May 10 that the company is con-  of new drilling rigs, with reports emerging in
                         sidering bids from US firms Schlumberger and  March that 24 bids had been received from
                         Weatherford and Kuwaiti firms Spetco Interna-  international companies, with a further two
                         tional Petroleum Co., Contracting and Marine  from local suppliers for the supply of 63 rigs for
                         Services (CMS) and HOT Engineering & Con-  a period of five years.
                         struction Co. for the job to supply more than   Awards will be made to at least eight of the
                         1,000 pumps.                         bidders, with KOC’s tender prohibiting more
                           Sources from KOC, a subsidiary of Kuwait  than eight rigs from being provided by any
                         Petroleum Corp. (KPC), told Al-Anba that the  one company. One of the sources noted: “KOC
                         company is “putting the finishing touches” to  intends to award all those contracts soon to the
                         the contract award, noting that more than one  bidders who submit the lowest prices … supply
                         bidder could be selected.            contracts for all the rigs will be awarded at the
                           The newspaper said that Schlumberger  same time.”
                         and Weatherford had submitted bids of   Valued at around KWD1.4bn ($4.6bn), it will
                         KWD129.8mn ($428.3mn) and KWD136.5mn  be one of KOC’s largest rig deals.
                         ($450.45mn) respectively. Spetco’s bid was   It follows a company request for the supply
                         reported to be KWD117.2mn ($386.7mn), with  of 44 rigs in mid-March. Of these, 24 will be
                         CMS and HOT pitching offers of KWD117.7mn  1,500 or 2,000 horsepower, with the remaining
                         ($388.4mn) and KWD146.5mn (483.4mn).  20 to be smaller, 750 horsepower units for use
                           Al-Anba’s source said that following meet-  in shallow water. That tender is set to run until
                         ings with KOC, the bidders “massively revised  May 30.™















































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