About Kuwait drilling rig down-
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6 FAQs about [Kuwait drilling rig down-]
Is a rig preparing for a drilling campaign offshore Kuwait?
A rig, which is destined to work on a drilling campaign offshore Kuwait, is preparing for its assignment at a Chinese yard. The rig is slated to depart for Kuwait in two months. Scana-owned PSW Technology revealed on Friday, 14 April 2023, that it had signed a Master Purchase Agreement with Halliburton.
How many well rig contracts does Kuwait Oil have?
Top-level oil sources disclosed that the Kuwait Oil Company successfully awarded 63 contracts for drilling and repairing well rigs, totaling over $670 million. This amount is less than the estimated value of $2.4 billion allocated for four tenders.
Why is Kuwait Oil Company preparing alternative tenders for drilling rigs?
Kuwait Oil Company prepares alternative tenders for drilling towers and addresses the challenge of free gas production to join gas-producing nations. Kuwait Oil Company is in the final stages of awarding ten contracts for ten drilling rigs, which will have a significant impact on building a strong and capable local industry.
Why should you choose Kuwait Drilling Company (KDC)?
Our self-driven shareholders and employees of Kuwait Drilling Company are the reason of the promising future of KDC. KDC is equipped to drill for both oil and gas and our fleet of recently-built rigs is adapted to suit our customers’ requirements.
When will Kuwait start offshore drilling?
However, the timeline changed since the drilling campaign run into delays. As a result, Kuwait was on the verge of starting its first offshore drilling activities in 2022, three years after signing the deal with Halliburton, as explained by the CEO of the KPC, Sheikh Nawaf Saud Al-Sabah, during the Qatar Economic Forum last year.
When will a rig leave Kuwait?
Upon completion, the rig is expected to leave the yard in mid-June to be transported to Kuwait where it will kick off a three-year contract with Kuwait Oil Company (KOC), an affiliate of Kuwait Petroleum Corporation (KPC).