Heisco Strikes $84.3 Million Deal with Kuwait Oil Company for Jurassic Gas Field Project

Heisco Strikes $84.3 Million Deal with Kuwait Oil Company for Jurassic Gas Field Project

By Staff Writer, 09 April 2024

Kuwait's Heavy Engineering Industries & Shipbuilding Company (Heisco) has clinched a significant deal with Kuwait Oil Company (KOC) for its Jurassic Gas Field venture in the northern region of the nation.

Valued at KD26 million ($84.3 million), the contract spans over five years and entails Heisco providing crucial technical services at the Jurassic Gas Field.

Renowned as a leading engineering, procurement, and construction (EPC) firm in Kuwait, Heisco boasts a diverse portfolio encompassing sectors like oil and gas, petrochemicals, power generation, shipbuilding, dredging, and civil construction.

Under the terms of the agreement, Heisco will oversee the execution of Kuwait Integrated Digital Field (KWIDF) Jurassic Gas Field Technical Support and Services, reaffirming its commitment to bolstering Kuwait's energy sector.

Source: Trade Arabia

Related Report

net zero carbon emissions

Sustainable International Trade for a Resilient Future

We invite you to explore our in-depth special report, which not only highlights the urgency of transitioning to sustainable international trade but also showcases the innovative solutions being implemented around the globe. With many countries committing to achieving net zero carbon emissions by 2050, there is a race against the clock to upgrade the world’s energy and trade infrastructure to achieve this. In this report, we highlight strategies used by trade stakeholders worldwide to foster a sustainable future, focusing on decarbonization, energy and food security, and environmental impact mitigation.

Subscribe To Our Newsletter

Stay up to date with the latest news, special reports, videos, infobytes, and features on the region's most notable entrepreneurial ecosystems