Kuwait Oil Company decision pending
As many as five contractors have asked Kuwait Oil Company (KOC) for an eight-week extension to prepare technical and commercial bids for the deal to build a series of oil and gas pipelines across the country.
Contractors are due to submit bids by 21 March for the estimated $2bn deal, sources close to the project tell MEED. It remains unclear if KOC will grant the full extension.
“We are not ready to submit a bid yet,” says one executive at a bidding firm. “With all the work done preparing for the gas fractioning project at Mina al-Ahmadi, we have not had the manpower to put something together.”
A number of contractors prequalified to bid for the deal recently submitted bids on 2 March for the Kuwait National Petroleum Company (KNPC) deal to build a new gas fractioning column at the Mina al-Ahmadi refinery (MEED 7:3:10).
They include Daelim Corporation; GS Engineering & Construction; SK Engineering & Construction; all of South Korea, and Italy’s Saipem.
KOC plans to construct a series of pipelines from the Mina al-Ahmadi refinery to various power plants across the country. These will include low sulphur fuel oil pipelines.
The Mina al-Ahmadi refinery is approximately 45km south of Kuwait City. The pipelines will provide feedstock to power plants at Doha East and West, Subiya, Shuaiba and Al-Zour.
The deal will be broken down in to two phases. The first phase involves the installation of three 48-inch pipelines, and one 40-inch pipeline. The second phase includes the construction of a pumping station and metering systems.
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.