Oil & Gas News

Penspen and Dar Al Handasah Sign a New USD $10m Deal with Kuwait Gulf Oil Company

16 1PENSPEN LOGOPenspen and Dar Al Handasah, operating as a joint venture, have been awarded a new project management contract by Kuwait Gulf Oil Company to manage the engineering, procurement and construction of a new gas and condensate pipeline. The pipeline runs both offshore and onshore from Khafji in Saudi Arabia to the final destination of Mina Al Ahmadi in Kuwait.

The two companies, both members of the Dar Group, have been providing FEED and project management services for this new pipeline since March 2010. The project is now at an advanced stage and will be completed under this new contract, which is set to run for 18 months.

16 2KGOC Logo Black TextPenspen’s EVP for Project Performance Chris Williams said:

“We have had a really good relationship with KGOC since we started on the FEED and we look forward to being involved right through to commissioning. We see this as a really interesting project involving facilities, multi phase flow and both onshore and offshore pipelines. The combined strengths of Dar’s track record in the region and Penspen’s broad technical expertise have made our partnership a real success”.

About Penspen

Penspen is an energy services company that is committed to shaping the delivery of tomorrow’s energy by helping its clients engineer and operate their assets across the entire project lifecycle, maximising returns and delivering technical excellence.

We have over 60 years of experience helping our clients develop new energy assets by providing customised engineering and project management services, and by assisting them with the rehabilitation of existing energy assets to maximise productivity and efficiency.

Penspen was founded in the UK in 1954 as Spencer & Partners and has grown to become a global organisation with major offices in London, Aberdeen, Houston, Villahermosa, Abu Dhabi, Bangkok and Singapore.

About Kuwait Gulf Oil Company

The Kuwait Gulf Oil Company (K.S.C) was founded on February 10, 2002 to represent the State of Kuwait in the Divided Zone. It began its primary role in that regard on January 5, 2003 when it took over the management of Kuwait DZ off shore area from the Arabian Oil Company Ltd. on the expiry of that company’s concession agreement.

The Divided Zone was established between the State of Kuwait and the Kingdom of Saudi Arabia as a buffer zone along the International Boundary between the two countries in an effort to improve cooperation for development projects in the border areas. The explored hydrocarbon resources are equally shared between the State of Kuwait and the Kingdom of Saudi Arabia, and the exploitation is managed through a Joint

Operations Committee established between the two countries.

In 2006, KGOC took over the responsibility to manage Kuwait share of the resources in the on-land Divided Zone that had been carried on by the Kuwait Oil Company. Since then, KGOC is responsible of managing all of the shared resources in the DZ (onshore & offshore).

Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.

Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.

Corporate Offices

Technology Systems Corporation
7897 SW Jack James Dr. Suite A
Stuart, FL 34997

Phone: +1 772.221.7720