Work involves preparing site for planned $15bn New Refinery Project
Dutch dredging firm Boskalis Westminster has been confirmed as the lowest-priced bidder for a deal to carry out site preparations for Kuwaits planned $15bn New Refinery Project (NRP) at Al-Zour in the south of the country.
Bids were submitted by six firms on 24 November to the countrys Central Tenders Committee (CTC) for the preparatory works for state refiner Kuwait National Petroleum Company (KNPC).
Boskalis price of KD165m ($584m) came in about 13 per cent under the second-placed proposal from Van Oord, another Dutch firm, at KD186m.
The scheme includes offshore dredging work, backfilling and soil remediation, as well as levelling and reinforcing the 16.2 million-square-metre site to prevent the invasion of seawater. A contract is expected to be awarded in January 2014, with the project due to be completed by May 2016.
| Kuwait New Refinery Project site preparations bidders | ||
|---|---|---|
| Bidder | Price (KD) | Price ($) |
| Boskalis Westminster (Netherlands) | 165,090,974 | 584,393,285.81 |
| Van Oord Dredging & Marine Contractors (Netherlands) | 186,405,000 | 659,841,224.52 |
| Dredging International (Belgium) | 188,578,168 | 667,533,860.63 |
| Jan De Nul (Belgium) | 193,100,000 | 683,540,358.12 |
| Penta Ocean Construction Company (Japan) | 219,909,610 | 778,441,706.75 |
| China Harbour Engineering Company (China) | 263,084,738 | 931,274,137.90 |
| Source: Central Tenders Committee | ||
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