Kuwait-based Combined Group Contracting has submitted the lowest bid for a project to develop a gas pipeline and conduct associated mechanical works as part of a scheme to gather gas from Kuwait’s Jurassic gas fields.The company has submitted a price of KD19.2m ($62.6m).The project is expected to be completed within a 19-month time period.The project is one of a series of strategic oil and gas projects tendered this year by the state-owned upstream operator Kuwait Oil Company (KOC).The bid submission deadline for this project was extended several times before bids were submitted and the tender was given the identification code RFP-2109296.The project’s scope includes developing off-plot works to help gather gas from Kuwait’s Jurassic gas fields and developing a 16-inch feed trunk line from the Umm Niqa area.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.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.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