Saipem wins $850 million new Kuwait refinery deal
18 August 2017
Italy-based Saipem, a leading oil and gas industry contractor, has won a new contract worth $850 million for the engineering, procurement, construction and commissioning of the feed pipelines of the New Refinery Project (NRP) in Al Zour located in the south of Kuwait.
The contract has been awarded by the Kuwait Oil Company (KOC), a subsidiary of the country’s national oil company, the Kuwait Petroleum Corporation (KPC).
Saipem is a world leader in drilling services, as well as in the engineering, procurement, construction and installation of pipelines and complex projects, onshore and offshore, in the oil and gas market.
The scope of work comprises the construction of a system of pipelines of various diameter, approximately 450 km in length, for the transportation of crude oil and gas from various KOC South Tank Farm manifolds to the new Al Zour refinery.
The project also includes the realisation of a network for the transportation of the refined products to the storage areas present in the refinery of Mina Al Ahmadi. These products will also be used to feed the Northern Power Station owned by the Water and Electricity Ministry.
Stefano Cao, Saipem CEO, commented: “We welcome with particular satisfaction this new contract from such an important client as KOC, both because it marks a new milestone for the company in the onshore E&C sector and, above all, because it reinforces and consolidates Saipem’s presence in Kuwait, a country where we have been operating for over 30 years and in which we have built solid and lasting relations that reflect our sustainable business model.”