Discussions on contract for major oil project to resume – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News

  • Date: 29-Jun-2022
  • Source: Arab Times Kuwait
  • Sector:Oil & Gas
  • Country:Kuwait
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Discussions on contract for major oil project to resume – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News

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KUWAIT CITY, June 28: According to a report issued by the MEED magazine, the Kuwait Oil Company (KOC) requested the Central Agency for Public Tenders (CAPT) to resume discussions on the second phase of the negotiation process for the pricing of a consultancy services contract for the management of a major project in the oil sector, reports Al-Anba daily. In this context, the report explained that the bids for the contract submitted by the American “Fluor” and the French “Technip” companies were initially rejected. In the meantime, KOC had accepted the offer submitted by the American “KBR” company, whose value amounts to KD 88.41 million, and the other presented by the British company “Wood Group”, which offered a price of KD 83.46 million.

The value of the offer submitted by the Australian company “Worley” amounted to KD 81.3 million. Last February, the French company Technip had returned to the bidding war for the project, while the Fluor Company remained excluded from the bidding process. The Cabinet’s Grievances Committee had requested a copy of the documents and information related to a complaint filed by the Fluor Company regarding its continued exclusion.