PROJECTS: Kuwaiti firm wins $138mln Jurassic oil deal

It involves external work at gas facilities

  
Image used for illustrative purpose. A labourer wearing a protective face mask, following the outbreak of the coronavirus disease (COVID-19), carries materials on a construction site in Ahmadi, Kuwait March 28, 2020.

Image used for illustrative purpose. A labourer wearing a protective face mask, following the outbreak of the coronavirus disease (COVID-19), carries materials on a construction site in Ahmadi, Kuwait March 28, 2020.

REUTERS/Stephanie McGehee

A Kuwaiti company has won a contract within a major Jurassic gas project in North Kuwait with a value of around 41.9 million Kuwaiti dinars ($138 million). 

In a bourse statement, the Combined Group Contracting Co said it was awarded the deal by the state-owned Kuwait Oil Company (KOC). 

“The contract involves external works at the Jurassic gas facilities in North Kuwait...we expect good financial results from the 5-year contract,” the firm said. 

It gave no other details in its brief statement but kOC has been locked in a large programme to develop oil and gas resources in the northern region close to Iraq. 

(Writing by Nadim Kawach; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

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