Petrofac submits lowest bid of $1.4 Billion for KOC Project

Kuwait Oil Company (KOC) receives the bidders proposals for the project, Installation of Water Injection Plant-IV (WIP IV) in SK Area.

Two Bidders has submitted the proposals:

  • Petrofac International Limited has submitted the price of KWD 453.7 million.
  • Larsen and Toubro (L&T) has submitted the price of KWD 488.3 million.

The “Installation of Water Injection Plant-IV (WIP IV) in SK Area” is a project by the Kuwait Oil Company (KOC) for constructing a new water injection facility in the south and east Kuwait (S&EK) area. The project scope includes building the plant, installing associated pipelines, safety systems, oil gathering systems, and well pads.