- Package was awarded to Saipem and Essar
- The package was retendered in May
- There were four bidders vying for the contract
The contract for the package, which is known as package four, is worth KD475m ($1.57bn), according to Khalid al-Asousi, KNPCs CEO for support services, who announced the award on 12 August.
KNPC is currently preparing contract paperwork ahead of the official signing ceremony that will be held ihn October, according to Al-Asousi.
KNPC retendered package four in May in an attempt to cut costs and secure a lower price, but the retender produced a low bid that was KD68m ($224m) more than the original low bid of KD407m.
The scope of package four includes storage tanks, piping and underground works.
There were four bidders vying for the contract and they are:
- Saipem (Italy) / Essar (India) KD475m
- Daelim (South Korea) KD498m
- Daewoo (South Korea) KD532m
- Petrofac (UK) / Hyundai Heavy Industries (South Korea) KD615m
The winners of packages one, two, three and five, worth a total of $11.5bn, were named on 28 July by Kuwaits Central Tenders Committee (CTC).