KOC lets services contract for Persian Gulf production

Kuwait Oil Co. let an integrated offshore drilling services contract to Halliburton Co. for six high-pressure, high-temperature exploration wells on two jack up rigs in the Persian Gulf.

Jul 1st, 2019

Kuwait Oil Co. let an integrated offshore drilling services contract to Halliburton Co. for six high-pressure, high-temperature (HPHT) exploration wells on two jack up rigs in the Persian Gulf.

The contract is part of KOC’s plan to “increase production capacity by charting new territory in Kuwait’s offshore reserves,” said Emad Mahmoud Sultan, KOC chief executive officer. It is the first offshore project in Kuwait since the early 1980s.

Halliburton will provide and manage drilling, fluids, wireline and perforating, well testing, coring, cementing, coiled tubing, and all offshore logistical services and will provide the offshore rigs and supply vessels for the project.

The contract includes a 3-year term with a 6-month extension option. Work will begin in mid-2020. The expected start date for the first rig is July 2020 and the second rig is January 2021.

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