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

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