SK E&C awarded $624m Kuwait oil firm project

SEOUL — SK Engineering & Construction Co, Ltd. (SK E&C) announced yesterday that it is the recipient of a $624 million project with KOC (Kuwait Oil Company), a state-owned oil enterprise of Kuwait.

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Published: Wed 28 Mar 2007, 8:46 AM

Last updated: Sat 4 Apr 2015, 10:55 PM

SK E&C prevailed in the bidding competition among six international companies. The project will involve the design and reconstruction of a crude-oil gathering centre damaged during the Gulf War of 1990-1991.

Activities involved in this turnkey project, which will be located 50 kilometres north of Kuwait City in the Sabriyah field, include the design, procurement, engineering, and reconstruction of GC-24 (Gathering Centre). Upon completion — anticipated in 42 months — GC-24 is expected to produce 165,000 barrels of crude oil per day.

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