JV secures Kuwait pipeline deal
01 August 2016
Penspen, a global provider of engineering and management services to energy firms, said its joint venture with Lebanese project design and consultancy group Dar Al Handasah, has been awarded a major project management contract by Kuwait Gulf Oil Company (KGOC).
The companies are both members of the Dar Group, a multinational network of consulting firms covering a spectrum of specialised design and consultancy services headquartered in Beirut, Lebanon.
As per the $10-million contract, the Penspen-Dar Al Handasah JV will manage the engineering, procurement and construction of the new gas and condensate pipeline of Kuwait Gulf Oil. The pipeline runs both offshore and onshore from Khafji in Saudi Arabia to the final destination of Mina Al Ahmadi in Kuwait.
Penspen-Dar Al Handasah JV is already providing front-end engineering and design (Feed) and project management services for this pipeline since March 2010.
The project is now at an advanced stage and will be completed under this new contract, which is set to run for 18 months, said a top official.
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