Kuwait Oil Company (KOC) has received bids for the Condensate Stabilization Unit Installation Project at BS-171, marking a key step in advancing its upstream infrastructure development.
A total of four companies submitted commercial proposals for the project. The bidders include Gulf SPIC General Trading & Contracting Company W.L.L, which quoted KWD 18.8 million, and Alghanim International with a bid of KWD 13.947 million. China Oil HBP Science & Technology Corporation Ltd. submitted a proposal valued at KWD 19.98 million, while Fawaz Trading & Engineering Services Co. W.L.L offered the lowest bid at KWD 13.895 million.
The project aims to enhance condensate processing capabilities at the BS-171 facility, supporting KOC’s operational efficiency and production reliability. KOC will proceed with the technical and commercial evaluation of the submitted bids in line with its procurement and project execution procedures.
