Two strategic oil projects in Kuwait have been given a new bid submission deadline by state-owned Kuwait Oil Company (KOC). Together, the two projects have a value of $1.4bn.Kuwait’s Central Agency for Public Tenders (Capt) has set a new deadline 10 November 2024 for both projects. Previously the bid deadline was 29 September 2024.The first is a project to develop effluent water disposal plants (EWDPs) for injector wells.The plants, known as EWDP-I and EWDP-II, are part of an expansion scheme and the project is estimated to be worth KD220m ($716m)The second strategic project that has been given a new bid deadline is focused on the installation of a separation gathering centre known as SGC-II in the eastern region of Kuwait, which is referred to as EK-II.The scope also includes crude debottlenecking work and the project has an estimated value of KD207m ($673m).When the projects were originally tendered in June this year, the following companies were prequalified to bid on both:Hyundai Engineering & Construction Company (South Korea)Samsung Engineering (South Korea)Saipem (Italy)Sinopec Luoyang Engineering Company (China)Sinopec Engineering Incorporation (China)Tecnicas Reunidas (Spain)Larsen and Toubro (India)Daewoo Engineering & Construction (South Korea)Petrofac International (UK)GS Engineering & Construction (South Korea)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 planned 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