British oilfield services company Petrofac was awarded a contract for Kuwait Oil Company’s (KOC) gathering centre project, GC 32, situated in the Burgan oil field.
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Under the contract, which carries a value of around $1.3bn, Petrofac will have to provide engineering, procurement and construction (EPC) services.
The facility to be developed will be the first sour gathering centre at the site, which will process crude oil and associated gas recovered from the Arifjan, Marat, Minagish Oolite and Burgan Wara high hydrogen sulphide fields.
Petrofac group chief operating officer Marwan Chedid said: “Kuwait is one of our core markets in the Middle East and we have been executing projects in the country since the early 1980s.
“We are proud to continue our association with KOC and look forward to working closely with them to deliver the project.”
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By GlobalDataThe project work is expected to start soon and is scheduled to be completed by mid-2020.
Under the contract for GC 32 development, Petrofac will be responsible for greenfield activities with tie-in works to existing brownfield infrastructure and will have the capacity to produce 120,000 barrels of oil per day, together with associated water, gas and condensate.
Following the contract award, the Petrofac's shares soared by 2.33%, reported Reuters.
Image: Petrofac Office in Aberdeen. Photo: courtesy of Petrofac.
