• The contract was won by South Korea’s GS Engineering & Construction
  • It submitted a price of $305.9m
  • The scheme is part of a larger restructuring of the country’s water network

State upstream operator Kuwait Oil Company (KOC) has award the contract for the north Kuwait water network project to South Korea’s GS Engineering & Construction (GS E&C).

The contract award was announced by Kuwait’s Central Tenders Committee (CTC) on 17 August.

GS E&C, which is partnered with Kuwait’s 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 country’s water network and will connect three gathering centres, known as GC29, GC30 and GC31.

Kuwait’s oil fields are currently 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 currently 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 list of bidders was:

Stay informed with the latest in the Middle East
Download the MEED app today, available on Apple and Android devices