Kuwait-listed Combined Group Contracting Company (CGC) said it has received approval from Kuwait Oil Company (KOC) for a contract variation related to the Jurassic production facilities project in northern Kuwait.

The company said Change Order No. (3) for Tender No. Rfp2047821 will increase the total contract value by about 1.27 million Kuwaiti dinars.

The contract covers external works for Jurassic production facilities in northern Kuwait areas.

CGC said operating profits from the variation are expected to be realised and reflected in its financial statements during the execution period of the change order.

The variation order for the project was first disclosed by CGC in June 2025. The statement put the project value at about KWD 7.13 million ($85 million).

Ahmadi Innovation Valley (AIV) contract

Last week, KOC had signed a contract worth KWD4.52 million ($15 million) with CGC for infrastructure works and services related to the Ahmadi Innovation Valley (AIV) project in Ahmadi.

The contract, which has a duration of 12 months, was awarded in January 2026, with the letter of award issued in February and formal signing completed in March 2026.

In February 2025, KOC signed memoranda of understanding with major oilfield services companies including Baker Hughes, SLP Oilfield Services, Weatherford International, Halliburton and National Energy Services Reunited Corp. to establish research and development centres within the valley.

(Writing by Dennis Daniel; Editing by Anoop Menon) (anoop.menon@lseg.com) 

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