- The latest investments form part of Kuwait’s broader efforts to modernize its energy infrastructure, expand production capabilities and strengthen its position as a leading oil producer while supporting long-term energy security and economic development objectives.
The Kuwait Petroleum Corporation (KPC) and its subsidiaries have stepped up efforts to expand the country’s oil and gas production capacity, floating 25 major tenders valued at more than 216 billion dinars ($4 billion) as part of a broader strategy to increase drilling, exploration and production activities.
The tender program supports plans to drill 258 wells during the 2025-2026 fiscal year, in addition to two offshore exploration wells, 825 development and production wells, and 11 exploration and appraisal wells, reinforcing Kuwait’s commitment to maintaining and expanding its hydrocarbon output.
According to industry data, the Higher Procurement Committee for KPC and its subsidiaries opened bids covering drilling, production, operational support, research and development projects for Kuwait Oil Company (KOC).
The largest tender involved directional drilling and measurement-while-drilling services for unconventional wells, with a combined value of approximately KD951 million.
Four major international oilfield services companies have participated in the bidding process, including Baker Hughes, Halliburton, Weatherford and Anadrill International.
Baker Hughes has submitted the lowest bids across all four tender packages, with offers totaling more than 950 million dinars.
The committee also opened final bids for the Wafra-Al Ahmadi Innovation Research Centre project, a key initiative aimed at strengthening research, technology development and operational efficiency within Kuwait’s energy sector.
Additional tenders covered pharmaceutical supplies, anti-foaming chemicals and a range of operational support services.
Separately, data from Kuwait Oil Company showed that contracts worth around 42 million dinars were awarded between November 2025 and May 2026 across 59 projects.
The majority of spending was concentrated in drilling and well services, reflecting the sector’s strategic importance in supporting future production growth.
February recorded the highest level of contract activity during the period, with spending reaching 24.6 million dinars.
Among the largest awards were contracts to Weatherford Oilfield Tools Middle East and National Petroleum Services Company, each valued at nearly 12 million dinars for drilling liner systems and well development services.
The latest investments form part of Kuwait’s broader efforts to modernize its energy infrastructure, expand production capabilities and strengthen its position as a leading oil producer while supporting long-term energy security and economic development objectives.
