Kuwait Oil Company Company News

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The Top 10 Ideal NOC Employers
Thursday, August 29, 2019 Presenting the highest-scoring NOCs in Rigzone's 2019 Ideal Employer Survey!

Saipem to Build Pipelines for Kuwait Refinery Project
Wednesday, August 16, 2017 A unit of Kuwait Petroleum Corp. has awarded Saipem an approximately $850 million contract tied to KOC's Al Zour refinery project.

Weir Oil & Gas Secures KOC Wellhead Contract
Monday, November 07, 2016 Weir Oil & Gas Dubai makes an agreement with Kuwait Oil Company for the purchase of 295 Seaboard wellheads, representing approximately $12 million.

Amec FW Clinches KOC's FEED Contract to Upgrade OGC in Kuwait
Friday, May 27, 2016 Amec Foster Wheeler clinches a front end engineering design contract from Kuwait Oil Co. to upgrade its Oil Gathering Center in Kuwait.

Kuwait Seeks Oil Output at 43-Year High as Freeze Talks Loom
Tuesday, April 12, 2016 Kuwait Oil Co. will soon offer contracts for offshore rigs and support services to drill its first undersea wells as the Persian Gulf nation tries to boost crude output.

Saipem Secures Services Contracts worth almost $700M
Friday, October 09, 2015 Saipem secures new offshore engineering and construction contracts worth almost $700 million.

China's BGP Commences 3D Survey for KOC in Kuwait Bay
Friday, August 14, 2015 China's BGP commences 3D survey for Kuwait Oil Co. in Kuwait Bay.

Petrofac Bags $780M EPC Contract from Kuwait Oil Company
Friday, July 10, 2015 Petrofac bags a $780 million engineering, procurement and construction contract from Kuwait Oil Company for a manifold group trunkline system in the north of Kuwait.

Report: Kuwait Discovers 4 New Oil Fields In Kingdom
Monday, April 20, 2015 Kuwait's state news agency says the state-run Kuwait Oil Co. has discovered four new oil fields.

Kuwait Plans 2015 Tender For Oil Service Deals
Monday, March 09, 2015 KOC plans to tender this year for oilfield enhanced technical service agreements.

L&T Hydrocarbon Bags $846M EPC Contract from Kuwait Oil Company
Tuesday, July 15, 2014 L&T Hydrocarbon bags a $846 million engineering, procurement and construction contract from Kuwait Oil Company.

Britain's Petrofac Gets $700M Contract in Kuwait
Thursday, July 10, 2014 UK oilfield services firm Petrofac secures a $700-million contract with Kuwait Oil Co.

KOC to Increase Production to Aid in Project Kuwait
Monday, April 28, 2014 Kuwait hopes to increase production capacity to 4 million barrels per day through several concentrated efforts.

KOC Renews Project Management Services Deal with AMEC
Wednesday, January 08, 2014 Kuwait Oil Company renews a five year contract, worth $414 million, for AMEC to provide project management services for its major upstream projects in Kuwait.

Fluor Bags $410M Contract to Provide Consulting Services to KOC
Tuesday, December 31, 2013 Fluor bags a $410 million contract to provide consulting services for Kuwait Oil Company's projects.

Technip Wins Kuwait Oil Company Deal
Wednesday, December 18, 2013 France's Technip wins a $400 million, five-year contract to supply project management and engineering services to the Kuwait Oil Company.

WorleyParsons Bags $400M Deal to Provide Program Management Services to KOC
Wednesday, December 11, 2013 WorleyParsons bags a $400 million contract to provide program management services to Kuwait Oil Company.

Kuwait to Invest $56B on O&G Expansion Over 5 Years
Monday, November 12, 2012 Kuwait plans to invest $56B on domestic oil and natural gas projects over the next five years to help meet rising global demand, Chairman of Kuwait Oil Co. Sami al-Rushaid said.

Kuwait Oil Spends $5.41B A Year on Capex
Monday, April 04, 2011 Kuwait Oil, responsible for the Gulf state's O&G exploration and production, is spending around $5.41B on new capital expenditure every year.

Shell to Develop Jurassic Gas Reserves in Kuwait
Wednesday, February 17, 2010 Shell signed a technical service agreement to develop Kuwait's challenging Jurassic Gas fields.

Kuwait Discovers New Oil, Gas Field; On the Prowl for More
Wednesday, December 23, 2009 Kuwait has discovered a new oil and gas field and is exploring for more as the OPEC producer seeks to boost its crude output capacity by about 27% to 4 million barrels of oil a day by 2020.

WesternGeco Deploys UniQ Land Seismic System in Kuwait
Wednesday, December 02, 2009 WesternGeco has deployed the UniQ point-receiver land seismic acquisition and processing system in Kuwait for Kuwait Oil Company.

Freedom Financial Holdings to Present Heavy Oil Tech to Kuwait Oil Co.
Tuesday, August 18, 2009 Freedom Energy International, the Company's wholly owned subsidiary dealing with Heavy-oil conversion technology, has been invited to conduct a live demonstration to members of the Kuwait Oil Company.

Kuwait Oil Co Says No Upstream Projects Canceled
Tuesday, June 02, 2009 Kuwait Oil Co. has not canceled or postponed any upstream projects, and will invest as much as $6 billion in 2009 on E&P activities.

Kuwait to Explore Gas Fields, Develop Resources with Foreign Firms
Monday, February 23, 2009 Kuwait will aggressively explore its gas fields and develop its gas resources in partnership with foreign oil companies despite opposition from parliamentarians that has stalled most of the country's oil projects.

BP Has Cut Kuwait Staff On Slow-Moving Oil Plans
Thursday, April 17, 2008 BP PLC (BP), Europe's second biggest oil company, has reduced the number of its employees in Kuwait amid slow-moving negotiations on becoming involved in the country's heavy oil fields.

AMEC Awarded U.S.$319 Million Contract Extension in Kuwait
Monday, January 14, 2008 AMEC plc, the international engineering and project management company, has had a major project management consultancy services contract renewed by Kuwait Oil Company (KOC).

Fluor Awarded Five-Year $334 Million Contract by Kuwait Oil Company
Monday, January 07, 2008 >"The contract is critical to support KOC's ongoing comprehensive program of major projects and is considered to be essential to the day-to-day business and future development of KOC's facilities," said Sami Al-Rushaid, Chairman, Kuwait Oil Company.

BJ PPS Inks Multi-Million Pipeline Deal in Kuwait
Monday, October 29, 2007 BJ PPS has been awarded a multi-million dollar contract by Hyundai Heavy Industries to provide pipeline pre-commissioning services in Kuwait.

WorleyParsons Gets US$300 Million Program Mgmt Contract
Wednesday, October 17, 2007 Kuwait Oil Company (KOC) has awarded WorleyParsons a 5 year $US 300m contract for the supply of Program Management services.

Spectraseis' Land Contract Backlog Grows
Thursday, June 21, 2007 Spectraseis AG has won contracts with a host of major oil and gas producers. The company also announced its eleventh patent filing and successful completion of a marine technology trial in the North Sea.

Fire at Kuwait's Burgan Oil Field Under Control
Monday, May 07, 2007 Kuwait Oil Co., the state oil producer, has brought under control a fire that broke out at the country's giant Burgan oil field, state news agency Kuna reported Monday.

High Arctic Wins Contract in Kuwaiti Desert
Monday, March 26, 2007 High Arctic Energy Services Trust has been awarded a much-anticipated five-year contract with Kuwait Oil Company (KOC), the country's national oil company, to provide services for workover operations.

Petrofac Secures Groundbreaking $125 Million Kuwait Contract
Monday, March 28, 2005 Petrofac has secured a major maintenance contract with Kuwait Oil Company to deliver full maintenance services on the North and West areas in Kuwait.