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Oil sources said that the Kuwait Oil Company has 3 huge projects allocated to it, or around 865 million dinars (equivalent to $ 2.8 billion) to be implemented in the next step, as the company is preparing to offer these contracts soon.
The sources said that the first projects are to offer 5 tenders for the construction of oil pipelines, and a value of 250 million dinars has been allocated for these tenders, noting that the tendering process will be close to the Central Public Procurement Agency, and comes in response to the company’s strategy to increase production.
She said that “Kuwait Oil” has another tender to supply 15 deep drilling rigs worth 450 million dinars. Each rig is 30 million dinars, according to Kuwaiti newspaper Al-Anbaa.
The sources stressed the strategic importance of digging deep wells with the aim of producing high-quality gas and oil from the Jurassic strata, up to the strategic objective of producing one billion cubic feet of free gas by day.
As for the third huge contract that KOC intends to offer soon, it is 3 contracts to clean up contaminated soil from the brutal Iraqi invasion, which is a continuation of the previous project which was recently awarded to 5 alliances, noting that the company allocated 165 million dinars, or 550 million dollars.
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