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Kuwait Oil Firm (KOC) is anticipated to award the engineering, procurement and building contract for its $150 million Injection Flowline Works in North Kuwait, by the primary quarter 2023.
“The bids are nonetheless underneath analysis. The tender was issued on 7 November 2021 and the bid submission was on 22 Could 2022,” a supply conscious of the challenge particulars advised Zawya Tasks, including that contract award is probably going within the first quarter of 2023.
The industrial bidders record comprised of Kolin Insaat Turizm Sanayi Ve Ticaret Anonim Sirketi ($162 million), Heavy Engineering Industries and Shipbuilding Firm ($122 million), Mixed Group Contracting Firm ($123.3 million), Mechanical Engineering and Contracting Firm ($119 million), Speck Gulf Normal Buying and selling and Contracting Firm ($145 million), Alghanim Worldwide Normal Buying and selling and Contracting Firm ($145 million), Nasser Mohammed Al-Baddah and Accomplice Normal Buying and selling and Contracting Firm ($167.1 million), and Al Jazeera Worldwide Group Normal Buying and selling and Contracting Firm ($119.1 million), in line with officers from 4 firms.
Eight firms had submitted technical bids.
The challenge is slated for completion by the second quarter of 2025, the supply stated, including that his estimate of the challenge value is $150 million.
(Reporting by Senthil Palanisamy; Enhancing by Anoop Menon)
(anoop.menon@lseg.com)
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