Kuwait awards $234m in October upstream deals

15 November 2011

Pipeline and electrical substation project contracts signed

State-upstream operator, Kuwait Oil Company (KOC) awarded $234m-worth of contracts in October, including two deals covering the construction of gas pipelines and electrical substations.

Athens-based Consolidated Contractors Company (CCC) was awarded a KD19.5m ($70.3m) engineering, procurement and construction (EPC) deal on 26 October to build gas transit pipelines taking sulphur-rich gas from a booster station (BS-171) in the west of Kuwait to be at the acid-gas removal plant Mina al-Ahmadi refinery.

CCC beat rival proposals from 21 other firms when bids were submitted on 26 April.                

KOC also awarded a KD24.5m ($88.7m) deal on 24 October to the local IMCO Engineering & Construction Company for the construction of four new 132/11kV substations in the Burgan-Ahmadi areas of northern Kuwait. Five other firms bid for the deal in early May.

Several smaller management and service contracts were also awarded. The deals bring KOC’s total contract awards for the year to $2.4bn, compared with the $11.6bn awarded in 2010 (MEED 30:9:11).

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.

Get Notifications