10th Jul 2014 06:59
LONDON (Alliance News) - Oil services company Petrofac Ltd Thursday said it has won a USD700 million, three-year contract from Kuwait Oil Company to build one of the three new gathering centres at a site about 70 kilometres north of Kuwait City.
In a statement, Petrofac said the three gathering centres are being built to support the Kuwaiti company's plans to increase and maintain oil production over the next five years. 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, it said.
Petrofac will build gathering centre 29. The deal, won in a competitive tender, includes the engineering, procurement, construction, pre-commissioning and commissioning of the facility.
"With ongoing projects for both KOC and Kuwait National Petroleum Company and good visibility of the future pipeline, Kuwait is, and will continue to be, of strategic importance to Petrofac's ambitions in the Middle East market," said Subramanian Sarma, managing director of Petrofac's onshore engineering & construction business.
By Steve McGrath; [email protected]; @stevemcgrath1
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