Kuwait signs $100m in oil consultancy deals

18 July 2011

Contracts signed for pilot schemes and project consultancy

State-owned Kuwait Oil Company (KOC) has signed a raft of new consultancy deals and pilot schemes in the firat two weeks of July worth more than $100m.

The largest of the deals at KD13m ($47.3m) went to Dubai-based oil field services firm Halliburton Overseas for exploration and development projects on a call-off contract basis.

KOC also awarded a similar deal to the US’ Schlumberger worth $29m and a second $25.5m deal for research and technology.

The firms signed three oil field services contracts with KOC in January, covering well-logging and perforation services. The largest of those deals at $253m, was awarded to Schlumberger (MEED 14:2:11).

Two small pilot schemes were also awarded totalling $2.1m for the trial of Tracerco Profiler T240 Dual Probes and through-tubing slick line retrievable ESP landing systems.

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