Jacobs Engineering Group Inc. been awarded a contract for a pre-feasibility study, with the option of proceeding to a detailed feasibility study, for Kuwait Petroleum Corp. (KPC) and its subsidiaries. The studies will support KPC's strategic directions and downstream long term plans up to 2040.
Jacobs will evaluate how domestic refining capacity can be best expanded, in a cost-effective way, while providing advantaged feedstocks for integrated petrochemical production. The studies will cover evaluation and optimisation of alternative process configurations using an integrated linear program model, various technical studies, licensor evaluation, cost estimation, financial modeling and risk assessment and management, with a focus on increasing refining capacity and optimum petrochemical integration.
"As refiners across the industry look to the chemical market for profit growth, Jacobs leverages its proven, differentiated capabilities that have helped refiners explore options and define strategies for optimised refinery-petrochemical integration," said Jacobs Petroleum and Chemicals President, Vinayak Pai. "This new award is an affirmation of our refining, petrochemicals and oil-to-chemicals (OTC) expertise and perfectly aligns with our strategy to expand services in the Middle East region."
Operating in the Middle East for more than 40 years, Jacobs is planning to increase its presence in Kuwait’s upstream, refining and petrochemical industries.