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.