News dalla rete ITA

13 Marzo 2024

Kuwait

KUWAIT COMPLETES OIL PROJECT AHEAD OF SCHEDULE

State-owned upstream operator Kuwait Oil Company (KOC) and the local engineering contractor Spetco have completed the commissioning of the oil and gas facility known as Jurassic production facility 4 (JPF-4).Performance acceptance tests successfully concluded on 6 March, with plans in place to start the operations and maintenance phase on 7 March 2024.Commissioning and performance acceptance testing concluded 13 days ahead of schedule.Under the terms of the contracts, commissioning, stabilisation and successful performance testing of the facility were required to be completed within 60 calendar days of its mechanical completion.The introduction of oil and gas to JPF-4 took place on 18 December, ahead of the contractual timelines.Spetco owns and operates the JPF-3 facility, which is already operational, and the JPF-4 facility, which has just been commissioned.KOC awarded Spetco the main $398m contract for JPF-4 in December 2021. In the same month, China’s Jereh won a contract worth $426m for JPF-5.The completion of the commissioning of JPF-5 is expected to follow over the coming months.Economic returnsKOC has said that the two projects will help Kuwait increase gas production and provide high-quality products to global markets.The production of light oil and associated gas is challenging due to the complexity of the reservoirs.The projects are expected to provide significant economic returns for the company and the Kuwaiti oil sector.KOC has also said the projects will allow Kuwaiti light oil to enter new markets and create domestic job opportunities.JPF-4 is being developed close to the Sabriyah field in northern Kuwait. JPF-5 is less than 10 kilometres east of JPF-4.Both facilities will test, process, treat and handle wet and sour hydrocarbon well fluids from several oil and gas fields.These include Raudhatain, Sabriyah, Northwest Raudhatain, Umm Niqa, Dhabi, Bahr, Marratt and Najmah-Sarjelu, and other formations in the Jurassic fields.Both projects are onshore surface production facilities and are being implemented on a build-own-operate basis by a contractor.Spetco and Jereh will operate and maintain the facilities for five years. KOC has the option to extend the contract at a future date.The facilities are due to operate with the capacity to produce 50,000 barrels a day (b/d) of treated sweet crude – Jurassic light oil with American Petroleum Institute (API) gravity of 40-50 degrees – and 150 million cubic feet a day of sweet and dehydrated rich gas.They will include a produced-water treatment unit, sulphur recovery unit, associated utilities and supporting systems.The scheduled project time of 780 calendar days included 720 days for design and engineering, project management, supply and procurement, construction, testing and mechanical completion of each facility.Rising demandThe state upstream operator previously awarded three other Jurassic production facilities contracts.Kuwait is tapping the Jurassic carbonate reservoirs in the north to meet soaring gas consumption.KOC started gas production from its Jurassic sour gas field in May 2008 by commissioning the upstream project known as Early Production Facility 50.The Jurassic reservoirs contain a variety of hydrocarbons, ranging from oil to gas condensate with sour gas. (ICE KUWAIT)


Fonte notizia: Meed