Gas project deal made for Saudi, Kuwait shared oilfield Hout

20 March 2012

Al-Khafji Joint Operations Co (KJO), a partnership between state oil firms Saudi Aramco and Kuwait Petroleum Corp (KPC) have awarded US-based McDermott International and South Korea's Daewoo Engineering and Construction the contracts to build facilities to recover gas from Hout, one of the joint oilfields shared by Saudi Arabia and Kuwait, Reuters has reported, citing two industry sources. The contracts for onshore and offshore work in the Neutral Zone between the two Gulf Opec countries were worth a total of around $240m, one source said. Under the contracts, McDermott and Daewoo are to build offshore gas gathering facilities, a subsea pipeline to carry 48 million cubic feet of gas per day and associated onshore gas facilities.

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