Kuwait Oil extends 5 contracts price 75 million dinars – Muricas News

Ahmed Maghribi

Al-Anbaa discovered from accountable oil sources that the Kuwait Oil Firm determined to increase the oil effectively cement contract, price 75 million dinars, for about 5 contracts signed with native corporations.

The sources stated that the 5 contracts are essential contracts in drilling operations to supply companies for capping and isolating oil and gasoline wells with cement.

These contracts come inside KOC’s ongoing investments to boost development within the subject of drilling operations and improve its crude oil manufacturing capability, as a big share of those contracts can be redirected to the native financial system.

The scope of the contract extension work contains offering cement effectively casing and insulation companies, and this course of is a vital step in drilling and finishing oil and gasoline wells, the place the cement combination is pumped between the rock formation and the effectively casing to guard and isolate the effectively bore.

She acknowledged that “Kuwait Oil” continues to use manufacturing frameworks with the very best worldwide requirements, in gentle of the event of its operations and plans, which rely upon enhancing manufacturing with the highest quality components.