Kuwait Oil Company (KOC), the onshore upstream subsidiary of Kuwait Petroleum Corporation (KPC) has awarded $2.3bn in contracts to three separate companies to build new crude gathering centers. Kuwait currently has 26 gathering centers.
The awards appear part of a $15bn plan to invest in conventional oil production in North Kuwait (as opposed to the heavy oil projects also planned for North Kuwait) through 2020, outlined this week in a letter sent to MEES by KOC CEO Hashim Hashim. (CONTINUED - 269 WORDS)
