Saturday, April 1, 2017

Petrofac lands $1.3bn Kuwait Oil Company project

British oilfield services company Petrofac said it has been awarded a lump-sum engineering, procurement and construction (EPC) contract worth $1.3 billion by Kuwait Oil Company for its gathering centre project, GC 32, located in the Burgan oil field, south east of the country.

It is the first sour gathering centre to be developed in the field and will process crude oil and associated gas recovered from the Arifjan, Marat, Minagish Oolite and Burgan Wara high Hydrogen Sulphide fields.

Work will begin shortly on the project and is scheduled for completion by mid-2020.

The scope of work for GC 32 includes greenfield activities with tie-in works to existing brownfield infrastructure, and will have the capacity to produce around 120,000 barrels of oil per day (bpd) together with associated water, gas and condensate, said a top official.

"Kuwait is one of our core markets in the Middle East and we have been executing projects in the country since the early 1980s," remarked Marwan Chedid, the group chief operating officer.

"We are proud to continue our association with KOC and look forward to working closely with them to deliver the project," he added.-TradeArabia News Service



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