State-owned Kuwait Oil Company (KOC)has invited engineering, procurement and construction (EPC) contractors to submit bids by 17 October for a contract to install a telemetry system for its southern oil fields.
State-owned Kuwait Oil Company (KOC)has invited engineering, procurement and construction (EPC) contractors to submit bids by 17 October for a contract to install a telemetry system for its southern oil fields. Prospective bidders include Spain's Tecnicas Reunidas, Sharjah-based Petrofac Internationaland SK Engineering & Constructionand Daelim Industrial Company, both of South Korea. The estimated $50 million-70 million contract calls for the installation of a supervisory control and data acquisition (SCADA) system, a management information system (MIS) and control systems to be able to detect oil and gas leaks along the company's network of pipelines. KOC's insurers have requested that the upstream operator install the system in order to prevent accidents of the kind that occurred at the Rawdhatain oil field in early 2002. An explosion on a main oil pipeline reduced Kuwait's oil production by about 600,000 barrels a day and caused damage estimated to have cost $160 million (MEED 12:4:02).
You might also like...
Al Ula seeks equestrian village interest
26 April 2024
Morocco seeks firms for 400MW wind schemes
26 April 2024
Countries sign Iraq to Europe road agreement
26 April 2024
Jubail 4 and 6 bidders get more time
26 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.
