Sharjah-based Petrofac International has submitted a low bid of KD 15.3 million ($51 million) for the contract to upgrade crude oil export facilities in the north (MEED 18:7:03).
Three companies priced the contract by the 19 October deadline. Petrofac's offer is followed by South Korea's SK Engineering & Construction at KD 17.8 million ($59 million). The third bidder is LG E&C, also of South Korea, which quoted KD 22.3 million ($74 million).
The engineering, procurement and construction (EPC) contract includes the revamp of existing storage tanks and pipelines, the supply and installation of new facilities and modifications to the oil export system.
The front-end engineering and design (FEED) package has been carried out by the US' Parsons Engineering Corporation. The client is Kuwait Oil Company (KOC).
North Kuwait contains five oil fields with total capacity of at least 450,000 barrels a day. KOC pumps the crude to the main export terminal at Ahmadi in the southeast and also supplies the refinery operator Kuwait National Petroleum Company.
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