Page 12 - MEOG Week 33 2022

MEOG TENDERS MEOG

Kuwaiti firms extend deadline

for up- and downstream tenders

KUWAIT STATE-OWNED Kuwait Petroleum Corp. a $30mn deal covering “technical consultancy
(KPC) has extended the bidding deadline for in oil and gas” for KOC. The report said that
contracts for construction work in the upstream PetroTel was among five bidders – Oman-based
and the supply of sulphuric acid to refineries. Target Oilfield Services, France’s Beicip-Franlab,
According to a report by MEED, the first Halliburton and Robertson Energy, both of the
contract covers the construction of two 132-kV US, quoting KOC sources.
substations as well as 33 power lines in the north The winning bid was reported to be the low-
of the country. The report cited Kuwait’s Central est received by KOC, with the other offers rang-
Agency for Public Tenders (CAPT) as saying ing from $30.7mn-$32.7mn.
that KPC’s upstream subsidiary Kuwait Oil Co. These tenders formed part of an $11.5bn
(KOC) had pushed back the deadline from Sep- allocation for oil and gas projects under a wider
tember 4 until October 16, as oil sector projects effort to ramp up production. Of this, around
continue to suffer delays owing to ongoing polit- $424mn worth of projects have advanced to the
ical strife. design phase, $492mn are in prequalification,
Meanwhile, MEED said that the second $1.64bn are in planning and initial design, while
delayed contract had originally been tendered the $8.32bn bulk remain in the study phase.
by KPC, covering the supply of sulphuric acid Both KPC and KOC said during the summer
to refineries operated by its downstream subsid- that the first ever drilling campaign in the coun-
iary Kuwait National Petroleum Co. (KNPC). try’s offshore would soon begin, as they work to
The deadline has been extended from August 25 expand oil production capacity and set ambi-
until September 8. tious targets.
The country’s parliament was dissolved ear- The Ministry of Oil (MoO) is working toward
lier in the month, meaning that the 2022/23 state reaching a maximum sustainable capacity for
budget cannot be approved. New elections are oil production of 2.7mn barrels per day by 2025,
expected to be held in October. and 4mn bpd by 2035, but the timeline for these
In late June, the local Arabic-language news- increases may be altered amid rising commodity
paper Al-Anba reported that PetroTel had won prices.™

P12 www. NEWSBASE .com Week 33 17•August•2022