29 July 2010
Petrofac Awarded Pipeline Project with Kuwait Oil Company
Petrofac, the international oil & gas facilities service provider, announces that it has been awarded a KD116.39 million (approximately US$ 400 million) contract by Kuwait Oil Company (KOC).
The project, with an anticipated duration of 23.5 months, is for engineering, procurement and construction services for the installation of fuel gas and gas oil pipelines. The development will include a fuel oil pumping station, metering systems, utilities systems and associated electrical, instrumentation and telecommunication works, for the pipelines from Mina Al Ahmadi to the Azzour and Shuaiba Power Stations in Kuwait.
Commenting on the award, Maroun Semaan, Petrofac’s group chief operating officer said: “The Kuwait market is strategically important to our business and I am delighted that we have been selected by KOC to undertake this project. We maintain an excellent working relationship with KOC and look forward to strengthening this further as we move into the execution phase of this project.”