Kuwait Oil Company (KOC) announces the bid results for the project, Jurassic Production Facilities 4&5, JPF -4 & JPF -5 for testing, processing and handling of wet and sour hydrocarbon wells fluids from Jurassic Fields.
The Project location is in North of Kuwait.
Five bidders has submitted the proposals. Kuwait based Spetco International Petroleum Company has submitted the lowest bid.
Spetco submitted the combined price of KWD 978,900,000 (USD 3.2 billion).
KOC issued the tender during September 2020 (read more)
JPF will be an Onshore Surface Production Facility and shall be implemented on Build-Own-Operate basis by Contractor with an option to buy back by KOC.
Each of the Facility will be built for producing Fifty Thousand Barrels of Stock Tank Oil Per Day (50 STMBOPD) of treated sweet crude (Jurassic Light Oil with 40° – 50° API) and export one hundred and fifty Million Standard Cubic Feet per Day (150 MMSCFD) of sweet and dehydrated rich gas by processing /handling of sour and wet gas reservoir fluids from NK Jurassic Fields.
Produced Water Treatment unit, Sulphur Recovery Unit along with associated utility/supporting systems are also part of this Facility.
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