Kuwait Oil Company (KOC) has signed a series of high-value contracts for the supply and implementation of Electrical Submersible Pumping (ESP) systems, marking a significant step in strengthening its oil production capabilities and operational efficiency.
The combined value of the contracts stands at KWD 991.92 million, equivalent to approximately USD 3.22 billion.
The contracts were awarded to a group of leading international and regional oilfield service and equipment providers, reflecting KOC’s commitment to deploying advanced artificial lift technologies across its fields.
- Tianjin Rongheng Group Co., Ltd. was awarded a contract valued at KWD 74.95 million,
- Schlumberger Oilfield Eastern Ltd secured contracts worth KWD 169.96 million.
- Halliburton received awards totaling KWD 200.49 million,
- Alkhorayef Petroleum Company obtained the largest share at KWD 233.99 million.
- Baker Hughes EHO Fze was awarded KWD 196.42 million,
- Zhongcheng Machinery Manufacturing Co. Ltd of Bohai Petroleum Equipment received contracts valued at KWD 116.10 million.
These ESP systems are expected to play a critical role in enhancing production performance, supporting reservoir management, and contributing to Kuwait’s long-term oil output targets.
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