Kuwait Oil Company (KOC) said it has awarded 129 contracts worth about KD2.2 billion ($7.2 billion) during the first half of 2026 as it stepped up investments to expand oil production capacity, strengthen drilling and exploration activities as well as modernise oilfield infrastructure.
Indian engineering and construction conglomerate Larsen & Toubro (L&T) said one of its key subsidiaries has secured a major EPC contract - in the range of Rs50 billion to Rs100 billion ($519 million to $1.03 billion) - from Kuwait Oil Company for its key Jurassic Light Oil (JLO) export facilities.
Kuwait Oil Company (KOC) has signed up Chinese group Anton Oilfield Services DMCC to deliver comprehensive integrated maintenance and operational support services for its Jurassic Production Facilities (JPF) 1, 2 and 3 located in the country's northern region.
Global energy technology company SLB has secured a major contract from Kuwait Oil Company (KOC) for the development of its flagship Ahmadi Innovation Valley (AIV) initiative, thus marking a key step in accelerating technology deployment and innovation across Kuwait’s upstream oil and gas sector.
Indian construction and engineering conglomerate Larsen and Toubro (L&T) has secured a major contract worth KD303.5 million ($992 million) from Kuwait Oil Company for the construction of export crude storage facilities as well as providing key upgrades to its key energy infrastructure.
SLB has been awarded a seven-year contract by Kuwait Oil Company under the Ahmadi Innovation Valley initiative, supporting research, digital innovation and deployment of technologies including AI, IIoT, reservoir management and energy transition solutions.
Kuwait-based Mechanical Engineering and Contracting Company (MECC) has emerged as the lowest bidder for three major power infrastructure projects being developed by Kuwait Oil Company (KOC) at a total investment of KD132.28 million ($427 million).
Leading Chinese group Jereh New Energy Regeneration and Recycling Tech (Jereh NER) has secured an oil-based drilling cuttings treatment service contract from Kuwait Oil Company. Once completed, each unit will be able to process 12 tonnes per hour, backing continuous large-scale KOC operations.
Action Energy Company, Kuwait’s leading firm for upstream services and major owner and operator of rigs in the region, has secured a new credit facility and renewed and expanded an existing facility, from two local banks with a combined value of KWD40.9 million ($132.68 million), said the company.
Heavy Engineering Industries & Shipbuilding Company (Heisco) has announced that it has secured a key contract worth KD174.2 million ($563 million) from Kuwait Oil Company (KOC) for the construction of flowlines as well as other associated works at its project site in Kuwait.
