Petrofac awarded US$780 million project in Kuwait
Published by Stephanie Roker,
Editor
World Pipelines,
Petrofac, the international oil and gas services provider, has received an award notification for Kuwait Oil Company's (KOC) manifold group trunkline (MGT) system in the north of Kuwait.
The lump-sum engineering, procurement and construction (EPC) project – valued at approximately US$780 million – is integral to KOC's plans to increase and maintain crude production over the next five years. Three new gathering centres (GCs), 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 MGT system will provide the feedstock to each of the GCs, via three independent networks of intermediate manifolds and pipelines. Each of the three GCs will be capable of producing around 100 000 bpd of oil, 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."
Adapted from press release by Stephanie Roker
Read the article online at: https://www.worldpipelines.com/project-news/13072015/petrofac-awarded-us780-million-project-in-kuwait/
You might also like
World Pipelines Podcast: Going global with IPLOCA
In this episode, Elizabeth Corner speaks to Georges Hage, Executive Secretary at IPLOCA, about IPLOCA's insights on the culture and characteristics of the pipeline contractor community, and how it works to support sustainable energy infrastructure.
Fox Innovation & Technologies (FOX) acquires Sirio Solutions Engineering (SSE) S.p.A.
SSE will add complementary services and international exposure to the FOX footprint.