Petrofac awarded US$543 million lump-sum contract with Kuwait Oil Company

Tuesday, Nov 18, 2008

Petrofac, the international oil & gas facilities service provider, announces that it has been awarded a KD147 million (approximately US$543 million) lump-sum contract by Kuwait Oil Company (KOC). The contract is for engineering, procurement and construction services for a new gas pipeline running from KOC’s Booster Station 131 in North Kuwait to its liquefied petroleum gas plant located at the Mina Al-Ahmadi refinery.

Petrofac is the main contractor and will commence work shortly, undertaking engineering design, procurement and construction, pre-commissioning and commissioning of the pipeline. The project is expected to last for 21 months.

The pipeline, approximately 140 kilometres long, will transport gas from Kuwait’s northern fields for processing at Mina Al-Ahmadi refinery before being transported to Kuwait’s power generation plants.

Commenting on the project, Maroun Semaan, chief executive of Petrofac’s Engineering & Construction division, said:  “We are delighted to have been selected by KOC for this contract which continues our longstanding involvement in Kuwait with KOC with whom we have an excellent relationship and consolidates further the group’s position in the Middle East.”

Source: Fifth Ring