State operator extends BP deal

27 July 2007
The UK's BP has been awarded a KD 9.5 million ($33 million) one-year extension to its technical services agreement with state upstream oil operator Kuwait Oil Company (KOC).
The UK's BP has been awarded a KD 9.5 million ($33 million) one-year extension to its technical services agreement with state upstream oil operator Kuwait Oil Company (KOC).

It will provide technical

support and strategic planning, and advise KOC on health and safety issues, and on production from the state's northern

oil fields.

The company has provided extensive technical reports on the four fields to KOC since the early 1990s.

France's Total and the US' Chevron Corporation also have technical services agreements with KOC.

Kuwait is one of the few states to have no oil majors operating in its upstream sector, and the agreements will provide much-needed assistance (MEED 22:6:07).

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