Kuwait’s Al-Meer Technical Services Company has won a KD25.6m ($90m) five-year contract to provide preventative maintenance services at all Kuwait Oil Company (KOC) oil and gas facilities countrywide.
Kuwait’s Central Tenders Committee, which vets all major government contracts before they are awarded, approved the deal on 1 November, and Al-Meer is now waiting for final confirmation of the win.
The contract covers the provision of skilled personnel to monitor KOC’s oil and gas facilities in the country and raise the need for maintenance. Al-Meer will also provide diagnostic systems and specialised mechanical tools where necessary.
“The company has been working on the same contract since 1999, so this is a good reflection on the job they are doing and the price they are offering,” says a senior source at Al-Meer.
KOC has tendered a number of long-term maintenance deals in 2009 as contracts awarded in 2004 run out. Larger infrastructure construction deals have proven more difficult, however, and contractors working in the country have been frustrated over the lack of larger deals on offer in the country.