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Wednesday , November 21 2018

Tag Archives: KOC

KOC wins billion dollar lawsuit filed by Korean contracting firm in 2014

‘PIC committed to concept of sustainable dev, its practices in Kuwait’ KUWAIT CITY, Aug 19: The International Arbitration Commission in London Friday ruled in favor of the Kuwait Oil Company (KOC) in the billion dollars lawsuit filed by a Korean contracting company in 2014, reports Al-Anba daily. This is a …

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KOC to award contracts

KUWAIT CITY, July 31: Kuwait Oil Company (KOC) has decided to award three contracts valued at KD 23 million ($100 million) covering maintenance of some buildings north of Kuwait and establishment of roads leading to Ratqa oil fields, reports Al-Anba daily. Sources said KOC will award the first contract worth …

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Top KOC officials probed for corruption

KUWAIT CITY, May 30: Kuwait Oil Company (KOC) has referred some senior officials to prosecution on allegations of corruption, taking undue advantage of their positions to serve personal interests, and mismanaging several contracts worth over KD 200 million, reports Al-Qabas daily. The daily quoting a source added a series of …

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CTC approves KNPC tender for third extension of cleaning company

KOC’s request to float limited catering related tender approved KUWAIT CITY, May 23: The Central Tenders Committee (CTC) has approved the request of the Kuwait National Petroleum Company (KNPC) for the third extension of the tender for cleaning services of the company’s refineries and the local marketing contract with Abdul …

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KOC issues warnings to employees

KUWAIT CITY, March 28: Kuwait Oil Company (KOC) has issued warnings to employees who live in company quarters even though they own a private house allocated by Public Authority for Housing Welfare (PAHW). The company insisted on the need for these employees to vacate the company quarters, reports Al-Shahed daily. …

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KOC floats tenders for offshore oil exploration – Boost in gas production eyed

KUWAIT CITY, Jan 3: Kuwait Oil Company (KOC) in an unprecedented move has floated tenders for offshore oil explorations, reports Al-Anba daily. The daily quoting informed sources explained that contracts are expected to be signed in the second half of 2018 for implementation of the project. He explained the internal …

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KOC signs deal of KD 35.9 million with Chinese BGP company

KUWAIT CITY, Dec 19:  Kuwait Oil Company (KOC) has signed a contract worth KD 35.9 million with the Chinese company BGP Company, reports Al- Anba daily quoting informed sources. They said the company will carry out a 3D seismic survey of the western region based on the contract. According to …

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Kuwait Oil Company marks breakthrough performance – Region’s first deployment of smart drill bit by BHGE

KUWAIT CITY, Oct 17: Kuwait Oil Company (KOC) has achieved the highest rate of penetration (ROP) ever achieved in Kuwait’s North field with the region’s first deployment of the BHGE TerrAdapt™ adaptive drill bit combined with the BHGE AutoTrak™ eXpress rotary steerable system. The North field is a challenging application …

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KOC awards Petrofac Burgan contract worth $1.3bn

KUWAIT CITY, March 28, (Agencies): British oilfield services company Petrofac Ltd said on Tuesday Kuwait Oil Co had awarded the company a $1.3 billion engineering, procurement and construction contract for the Burgan oil field in south-east Kuwait. Petrofac’s shares rose as much as 2.33 percent. The company will develop a …

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Heavy oil production to start in 2018: KOC – Restart of Neutral Zone oilfields will take some time: Jaafar

KUWAIT CITY, Dec 6, (Agencies): Heavy oil production will begin in the end of the year 2018 with roughly 10 to 15 thousand barrels per day at Ratqa refinery, Chief Executive Officer (CEO) of Kuwait Oil Company (KOC) Jamal Jaafar said on Tuesday. Speaking to reporters on the sidelines of …

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