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KOC awards $3.3bn drilling, soil cleaning contract

Business Kuwait City 28 May 21
 KOC awards $3.3bn drilling, soil cleaning contract
Kuwait Oil Company awards its largest environmental project for cleaning polluted soil at a total cost of more than KD1 billion to various local and international companies.
Fee
Event Location
Kuwait , Kuwait
Area
Kuwait City
Start Time
28 May 2021, 12:00 AM
End Time
30 June 2021, 12:00 AM
Website

Kuwait Oil Company (KOC) has awarded its largest environmental project for cleaning polluted soil at a total cost of more than KD1 billion ($3.31 billion) to various local and international companies, reports Al-Anba daily quoting sources.

The project, which is considered to be one of the largest in the world, will be implemented in five phases and the contracts are likely to be signed within the next two weeks, stated the report citing sources in Kuwait's Central Agency for Public Tenders (CAPT).

Sources told the daily that the North Kuwait Drilling, Transport and Processing Project is divided into two sites with a total value of $381.58 million.

The first site (Zone One) was awarded to the alliance of Khaled Ali Al-Kharafiand Brothers for Construction Contracting and Lamor Corporation as per the terms and specifications for a total amount of $193.58 million.

The second site (Zone Two) was awarded to Kuwaiti Company for Plant Construction and Contracting and Environmental Technology Management Company for a total amount of $188 million.

On the South Kuwait Drilling, Transport and Processing project, CAPT sources said the Zone One contract has been awarded to the alliance of Khaled Ali Al Kharafi and Brothers for Construction Contracting and Lamor Corporation valued at $196.53 million, while Zone Two contract has been clinched by the Heavy Engineering Industries and Shipbuilding Company in alliance with Zaopin valued at $185.23 million.

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