State-owned upstream operator Kuwait Oil Company (KOC) has awarded two contracts, one for rig supply for workover operations and the second for onshore 3D seismic survey services.
The contracts have a combined value of $221m.
KOC has awarded the China-based company Bureau of Geophysical Prospecting (BGP) the onshore 3D seismic surveying contract worth $136.7m.
BGP is a subsidiary of state-owned China National Petroleum Company (CNPC).
The project scope includes a 3D seismic survey for the West Kuwait and Mutriba regions. The duration of work is 1,826 days.
In a statement, BGP said the project will use advanced high-density digital single-channel acquisition technology.
Energy Transition in the Middle East
A major new report from MEED looks at how the global shift away from fossil fuels is reshaping energy policy in the Middle East and North Africa, and its impact on business and project investment.
Learn more about the report here
KOC has also awarded a contract related to rig supply for workover operations to the Egypt-based oil and gas services firm Sino Tharwa Drilling Company.
The value of the contract is $84.5m, and the duration of the project is 1,826 days.
The project’s scope includes the supply of two rigs for workover operations in KOC-operated oil fields.
In February 2021, KOC awarded a $360m workover rig service contract to China’s Sinopec.
In a stock exchange statement at the time, Sinopec said it would supply 10 onshore drilling rigs to KOC over a period of six years.
This article is published by MEED, the world’s leading source of business intelligence about the Middle East. MEED provides exclusive news, data and analysis on the Middle East every day. For access to MEED’s Middle East business intelligence, subscribe here.
