Oil and gas services provider Petrofac Ltd. said it received an award notification for Kuwait Oil Co.'s manifold group trunkline system in the north of Kuwait.

The lump-sum engineering, procurement and construction (EPC) project, valued at about $780 million, is integral to KOC's plans to increase and maintain crude production over the next five years.

Three new gathering centres or GCs, which form part of the broader project, are already under construction with Petrofac executing the project contract for GC 29.

The project is due for completion towards the end of 2017. The manifold group trunkline system will provide the feedstock to each of the GCs via three independent networks of intermediate manifolds and pipelines.

The company said each of the three GCs will be capable of producing around 100,000 barrels of oil per day together with associated water and gas.

Source: www.aktiencheck.de

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