Kuwait awards $144m in oil deals in June

20 June 2011

Total of $1.25bn-worth of contracts awarded in 2011 to date

Kuwait Oil Company (KOC) awarded more than $140m-worth of contracts in June, bringing the total so far for 2011 to $1.25bn, according to data released by the state-upstream operator.

The two largest deals in June went to Dubai-headquartered Halliburton Overseas and the local Rawdatain One General Trading for the supply of rock drilling bits to KOC at only KD9.4m ($34.2m).

The local Al-Ghanim International was also awarded a $32.4m deal for the replacement of the existing heaters at KOC’s de-salter trains at five crude oil gathering centres.

The biggest deals so far this year have been for the provision of well logging and perforation services, to the US’ Schlumberger and Western Atlas International, along with Dubai-based Halliburton totalling $644m.

KOC has some catching up to do if it is to match the $11.6bn-worth of upstream contracts awarded in 2010 (MEED 5:1:11).

One of the largest engineering, procurement and construction (EPC) schemes still to be awarded is the water injection facilities deal, which is a contract to help maintain production at the Burgan oilfield in the southeast. Canada’s SNC Lavalin submitted the lowest bid for the deal at $542m in April.

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