Saipem has been awarded a new contract worth approximately US$850 million. Its activities under the contract involve engineering, procurement, construction and commissioning for the ‘Feed Pipelines for New Refinery Project’ (NRP) in relation to the development of the new Al Zour refinery, which is located in the south of Kuwait.
The contract was awarded to Saipem by the Kuwait Oil Company (KOC), a subsidiary of the Gulf country’s national oil company, the Kuwait Petroleum Corp. (KPC).
The scope of work comprises the construction of a system pipeline 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.
Stefano Cao, Saipem’s 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”.
Read the article online at: https://www.hydrocarbonengineering.com/refining/18082017/saipem-wins-al-zour-refinery-epc-contract/