KPC Technology Tender Sees Lowest Bid of 485.6 Million Dinars
Kuwait Petroleum Corporation announced the results of its technology and service tenders, with Chinese companies securing the lowest bids for oil recovery technology packages, while local firms led in other service categories.
Translated by Qiyas from الراي — Original source
In the most competitive tender in terms of scope and price, the committee awarded a specialized tender for enhanced oil recovery technology, with nine companies submitting bids. The lowest price was offered by a Chinese company that participated in all three tender packages, with a total value of 485.643 million dinars.
The documents revealed that a Chinese company submitted a bid of 186.655 million dinars for the first package, 159.858 million for the second, and 139.13 million for the third, thereby recording the lowest prices across all three packages.
Conversely, a French company with a branch in Kuwait submitted the highest bids, valued at 336.338 million dinars for the first package, 285.384 million for the second, and 250.046 million for the third, bringing its total bid value to approximately 871.768 million dinars. The tender also included bids from other Chinese, French, and Saudi companies.
In another tender concerning consulting services for drilling engineering and well repair, an American company submitted a bid of 5 million dinars within the first group, and it was the sole bidder in that tender.
Regarding the tender for providing specialized personnel for operational safety management, the lowest bid was 1.688 million dinars from a local company, compared to the highest bid of 1.75 million dinars from another company, with three other companies participating.
As for the tender for building maintenance at the company’s offshore facilities, a local company’s bid of 1.2 million dinars emerged as the lowest, amidst competition from four other companies.
The tender for the supply of pharmaceutical supplies for a four-year period, in which a local company submitted a bid of 3.573 million dinars after reducing it from 3.726 million dinars—a decrease of 153.4 thousand dinars—was also recorded. Additionally, the tender for the use of foam-assisted lifting technology via capillary tubing without a rig received a sole bid from an American company valued at 1.91 million dinars.
Meanwhile, the Supreme Purchasing Committee decided to refer the bids opened during its meeting to the relevant working teams for review and to complete the necessary procedures. The prices listed in the documents do not constitute a final award of the tenders.
