Contractors are anticipating notable extensions to the bidding deadlines for two major oil projects in Kuwait, which are collectively valued at $2 billion, with bid deadlines currently set for next month.
According to a source quoted by MEED, contractors with the capacity to execute these significant oil projects in Kuwait are currently engaged with other ongoing projects, leading them to likely request extensions for the bidding deadlines. If an extension is granted, there could be a considerable delay in the submission of bids, which may not occur until after Ramadan.
Last month, MEED reported that seven companies were considering submitting bids for two major oil projects in Kuwait. The projects include the development of the Separation Gathering Centre 1 (SGC-1) and Water Injection Plant 1 (WIP-1), as well as the separate development of SGC-3 and WIP-3. Each of these projects is valued at approximately KWD300 million ($970 million).
MEED sources revealed that several prominent companies attended the pre-tender meeting earlier this week for the two major oil projects in Kuwait. The companies included Petrofac (UK), Saipem (Italy), Técnicas Reunidas (Spain), Larsen & Toubro (India), Samsung (South Korea), Hyundai (South Korea), and Daewoo (South Korea).
Environmental Consulting
Oil and gas companies in Kuwait have recently been awarded multiple consulting projects aimed at accelerating developments in the country’s energy sector.
Kuwait National Petroleum Company (KNPC) has awarded a contract for consultancy services focused on environmental and social impact assessment studies for new projects to Eco-Environmental Consultants, a firm based in Pakistan. The contract is valued at KWD 227,000.
Kuwait National Petroleum Company (KNPC) has extended the bidding deadline for a consulting services contract aimed at managing the implementation of its digital strategy. The new deadline for submitting bids for this contract is now set for January 30, 2025.
Kuwait Foreign Petroleum Exploration Company (KUFPEC) has cancelled and re-tendered a contract for the provision of an Operational Excellence Management System (OEMS). The new closing date for submitting bids is set for February 4, and a pre-tender meeting is scheduled for January 19, 2025.
Kuwait Integrated Petroleum Industries Company (KIPIC) has awarded a contract for chemical management services at the Al-Zour Refinery to Saudi Nalco. The contract is valued at KWD 1.5 million ($5 million).
Source: Al Qabas
