Page 13 - MEOG Week 14 2022

MEOG NEWS IN BRIEF MEOG

strategic area, expanding the jack-up fleet KOTC receives financial It is expected that the KOTC will conduct
from three to five units, with a view to growth the second round of price negotiations to
in the offshore drilling market. offers obtain an additional reduction. The contract
Furthermore, another contract has been is considered the largest for the repair and
assigned by Eni for a drilling campaign The oil sector, the Kuwait Oil Tankers maintenance of a fleet of ships belonging to
offshore West Africa, with operations Company (KOTC) has received financial Kuwait, the total of which is 32 tankers of
expected to start in April 2022 in continuity offers for tenders to implement docking crude oil and liquefied gas of various sizes.
with previous activities. The contract will be and maintenance of Kuwaiti oil tankers for The sources stated that the contract
executed by Saipem 12000, a sixth-generation a period of two and a half years, reports Al- includes exclusive maintenance of Kuwait’s
ultra-deep-water drillship. The contract Anba daily. oil tankers, adding that it allows KOTC to
duration is for six months plus optional They explained that only two companies maintain most of its fleet’s ships periodically
periods for an additional 10 months. have so far submitted financial offers out of in the shipyards of the winning company.
Including the contracts announced today, the four companies that had previously been It should be noted that the companies that
from the beginning of 2022 Saipem has been qualified to enter the practice. have been qualified are – Drydocks World
awarded projects worth over a total amount The Drydocks Company in Dubai Company, Dubai, the Arab Shipbuilding
of 750 million USD in the offshore drilling submitted the lowest financial offer valued and Repair Yard Company (ASRY), Nakilat-
segment. at $11.83 million, followed by the Arab Keppel Marine Works Ltd., Qatar, and Oman
SAIPEM Shipbuilding and Repair Yard Company Drydock Company.
(ASRY), which submitted an offer worth $12.7 ARAB TIMES
million.

Week 14 06•April•2022 www. NEWSBASE .com P13