PROJECTS: Kuwait Oil Company likely to award soil remediation project contract in Q1 2021

12 companies have submitted bids for the project

  
Image used for illustrative purposes. Steel pipe to be used in the oil pipeline construction of Kinder Morgan Canada's Trans Mountain Expansion Project at a stockpile site in Kamloops, British Columbia, Canada May 29, 2018.

Image used for illustrative purposes. Steel pipe to be used in the oil pipeline construction of Kinder Morgan Canada's Trans Mountain Expansion Project at a stockpile site in Kamloops, British Columbia, Canada May 29, 2018.

REUTERS/Dennis Owen

Kuwait Oil Company (KOC) is expected to award the Engineering, Procurement and Construction (EPC) contract for its soil remediation project in Zone 1 and 2 of North Kuwait by first quarter 2021, a source aware of the project details said.

"The main contract tender was issued on 3 September 2020 with the bid submission date due in 1 November, which was later extended to 15 November. The EPC contract award is expected to by February 2021," the source told Zawya Projects.

The project is scheduled for completion by December 2023, he added.

The bidders for the EPC contract comprised of The Kuwait Company for Process Plant Construction & Contracting ($615 million), Khalid Ali Al-Kharafi & Brothers Company ($632 million), Heavy Engineering Industries & Shipbuilding Company ($643 million), Al Sayer Group ($679 million), Bauer ($707 million), Clear Environmental Services & Cleaning Company ($744 million), Ahmadiah Contracting & Trading Co ($760 million), Nasser Mohammed Al-Baddah & Partner Company ($863 million), Enshaat Al-Eman Company ($995 million), United Gulf Construction Company ($701 million), Al Dar Trading & Contracting Company ($1004 million) and Al Manafa Trading & Contracting Company ($1014 million), officials from seven companies confirmed with Zawya Projects.

The project value, as estimated by the source, is $900 million.

The project's scope includes construction of remediation treatment plant, remediation pads, pre-treatment of soils prior to bioremediation, storage and management facilities, site restoration and associated facilities, a second source told Zawya Projects.

(Reporting by Senthil Palanisamy; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© ZAWYA 2020