Weatherford wins Kuwait well testing deal

22 September 2009

US oil company signs $70m contract

US oil field services company Weatherford has won a KD20m ($70m) contract to provide oil well testing services in Kuwait.

Weatherford signed the contract with state oil and gas operator Kuwait Oil Company (KOC) on 27 July.

The four-year contract covers the provision of equipment for and testing of wells at 5,000, 10,000, 15,000, and 20,000 pounds per square inch of pressure, at up to 20,000 barrels a day (b/d).

The deal is one of a series of consultancy and oil field testing deals awarded by KOC in 2009, as the company develops the country’s reservoirs. The firm has yet to award a major deal to boost production, however, as political wrangling stalls progress in the oil and gas sector.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.