- Project was awarded to GS Engineering & Construction in August
- The contract is worth more than $300m
- The scheme is part of a larger restructuring of the countrys water network
State upstream operator Kuwait Oil Company (KOC) and South Koreas GS Engineering & Construction (GS E&C) are due to sign the engineering, procurement, and construction (EPC) contract for the North Kuwait water network project on 15 September, according to an industry source.
The official signing ceremony comes after the project award was announced by KOC in August.
GS E&C, which is partnered with Kuwaits Al-Kazemi International, was the low bidder on the project, with a price of KD92.4m ($305.9m).
The budget for the project was KD99.96m.
The scheme is part of a larger restructuring of the countrys water network and will connect three gathering centres, known as GC29, GC30 and GC31.
Kuwaits oil fields are connected to 26 gathering centres, which serve as a collection location for crude produced at several wells connected by flow lines, providing initial treatment through the separation of associated gas and removing salt.
The three additional gathering centres are in the early stages of execution, after contracts worth a total value of $2.3bn were awarded in July 2014.
Five companies were expected to bid on the water network project, but only three submitted prices.
The bidders were:
- GS E&C KD92.4m
- China Petroleum Engineering & Construction Corporation (China) KD95.1m
- Daelim (South Korea) KD104.7m