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HEISCO announced that the entire project will be completed within a three-year period
Heavy Engineering Industries & Shipbuilding Company (HEISCO) announced that it has secured a major contract from Kuwait Oil Company for the wholesale upgrade of the gas and condensate network at East Kuwait Area-II.
A Kuwait-based EPC contracting company with a diversified range of business in oil and gas, HEISCO announced that, as per the US $109mn deal with KOC, the entire work will be completed within a three-year period.
The project is aimed at boosting infrastructure, pipelines and associated facilities, and will optimise the transportation and distribution of gas and condensate. This is considered a key project, since East Kuwait Area-II is believed to have strong development potential, and the upgrading work will cater for ongoing increases in production.
HEISCO explained that the scope of the project includes the expansion and restructuring of the condensate network, along with the developing of new pipeline infrastructure. There will also be a raft of related civil works. The revenue for these projects will be shown in HEISCO’s annual financial statements for 2025 and 2027. |
