State oil explorer Kuwait Oil Company (KOC) has handed a $334 million consultancy deal to US engineering and services company Fluor.
Fluor would provide consultancy services to manage unidentified projects and parts of its activities in the next five years, extending a previous agreement. The deal would help KOC to improve its production, KOC chief executive Sami al-Rushaid said. State refiner Kuwait National Petroleum Company (KNPC) was in talks with Fluor for a tender package for the country's planned 615,000 bpd refinery, with one of them saying it was worth $2 billion. KOC said that it had reached a preliminary deal with US super major ExxonMobil to produce heavy oil in the north of the Gulf Arab state and aimed to boost production to 900,000 barrels per day by 2020.
Read More
No comments:
Post a Comment