An oil pump contract tendered by the state-owned upstream operator Kuwait Oil Company (KOC) is expected to have a budget of about KD11m ($36m)Tender documents were made available to prospective bidders on 18 August and the deadline for bid submissions is 19 November 2024.The scope of the project is focused on supplying reinjection pumps in the North Kuwait region.In July, KOC is planning to tender a contract for the supply of electrical submersible pumping services with an estimated budget of $400m.The invitation to bid for that contract is expected to be tendered in 2025. It is the first in a series of three large well pump tenders.Contracts for progressive cavity pumping services and for sucker rod pumping services are expected to be tendered in 2029.Kuwait is in the middle of an upstream project push as it aims to produce 4 million barrels a day (b/d) of oil by 2035.Production capacity currently stands at about 2.9 million b/d, and the country aims to reach 3.2 million b/d by 2025 or 2026.Kuwait is developing a large project plan that will be published in the coming months and will consist of several major schemes.All of the projects on the list are expected to have contracts awarded before the country’s suspension of its parliament has ended.On 10 May, Kuwait’s Emir, Sheikh Mishal Al-Ahmad Al-Sabah, announced the indefinite suspension of parliament in a televised speech.Under Kuwaiti law, parliament can be suspended for a maximum of four years.The new list of planned projects is expected to include upstream and downstream projects, as well as petrochemicals facilities.Prior to the suspension of Kuwait’s parliament, the country suffered from very low levels of project awards for several years due to political gridlock and infighting between the country’s cabinet and parliament. (ICE KUWAIT)

Fonte notizia: Meed