Petrofac's experience in Kuwait extends over the past 30 years. To date the business has:
- a track record of eight EPC projects (including ongoing)
- a fully operational country office to support a sustainable and continued presence in the country
- strong commitment to working with the local community in terms of supply chain optimisations and recruitment
Petrofac’s first project in Kuwait back in 1982 was in the region of US$2 million and today has projects exceeding US$400 million, demonstrating the varying sizes of scopes of work the business is willing to undertake.
2010 was a particularly successful year for the business, as two projects were secured consecutively with KOC. The first was a KD116.39 million (approximately US$400 million), 23.5 month contract for engineering, procurement and construction services for the installation of fuel gas and gas oil pipelines. The second was a KD123 million (approximately US$430 million) contract for the engineering, procurement and construction of effluent water and central sea water injection facilities.
In September 2012, Petrofac was awarded a US$200 million lump-sum EPC contract by KOC for a new power distribution network in North Kuwait. Petrofac will construct three new substation buildings as well as putting down 900 kilometres of buried cable to connect the site’s substations to the distribution network.
This was followed in Feburary 2014 by a US$1.9 billion share of a joint venture EPC contract with Samsung and CB&I. The scope of work includes the provision of 19 new refining units at Mina Abdulla, revamping of five existing units at the Shouaiba refinery site and the accompanying inter-refinery transfer lines.
The Kuwait market is very much a focus area for us, having been established here for 30 years. Kuwait Oil Company (KOC) is an important customer for Petrofac and we maintain an excellent working relationship. The award of two contracts in 2010 enables us to extend our operations in Kuwait and further consolidates our competitive position in the Middle East.