Petrofac wins $780mn Kuwait oil contract
Project will help Kuwait increase and maintain production
Petrofac has been awarded a $780mn contract by Kuwait Oil Company’s (KOC) for its manifold group trunkline (MGT) system in the north of Kuwait.
The lump-sum engineering, procurement and construction (EPC) project is integral to KOC’s plans to increase and maintain crude production over the next five years, the UK EPC giant said.
Three new gathering centres, which form part of the broader project, are already under construction with Petrofac executing the EPC contract for GC 29.
Due for completion towards the end of 2017, the trunkline system will provide the feedstock to each of the gathering centres via three independent networks of intermediate manifolds and pipelines.
Each of the three centres will be capable of producing around 100,000 barrels of oil per day together with associated water and gas.
Marwan Chedid, chief executive of Petrofac's Engineering, Construction, Operations and Maintenance division, said: “We have a long track record in Kuwait which extends over the last 15 years and the MGT award represents our twelfth project in the country. Kuwait is, and will continue to be, one of our core markets and is of strategic importance to Petrofac’s ambitions in the Middle East. We look forward to working with KOC to deliver this project safely and on schedule.”