Petrofac wins $780m Kuwait oil contract
Oil and gas services provider Petrofac has won a $780m (£506m) contract for a Kuwait oil line.
The deal will see it oversee engineering, procurement and construction of Kuwait Oil Company’s (KOC) manifold group trunkline (MGT) system in the north of Kuwait.
The project is part of KOC’s strategy to increase and maintain crude oil production over the next five years, Petrofac said.
Three new gathering centres, which form part of the broader project, are already under construction with Petrofac working on one site.
Due for completion towards the end of 2017, the system will provide the feedstock to each of the gatehring centres via three independent networks of intermediate manifolds and pipelines.
Each of the three gathering 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 12th 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.”