Kuwait Oil Company (KOC) has pushed back the bid deadline for a major new $100m oil pipeline project to early February.
Bids for the engineering, procurement, and construction (EPC) deal were due in by 29 December 2009, but KOC decided to delay back the deadline for undisclosed reasons.
The winning bidder will build a series of high pressure 30 inch crude oil pipelines for the company at its facilities in the Jurassic field in the north of the country. On the basis of a bid bond set at KD1.85m contractors estimate the value of the deal at $70-100m.
The contractors prequalified to bid for the contract are, all local, Al-Kheddah International General Trading & Contracting Company, Al-Meer Engineering & Construction Company, Mechanical Trading & Contracting Company, Gulf Spic, Arabi Enertech, Mohamed Abdul Mohsin al-Kharafi & Sons, Al-Kharafi National Company, Mushrif Trading & Contracting Company, and Athens-based Consolidated Contractors Company.
Bids for the deal were first scheduled to be submitted in May, but has been delayed on a number of occasions. Contractors close to the deal say that the scope of works has been changed due to corresponding changes to the design of a second deal, to build early production facilities at the field.