Kuwait Oil Company has received bids for offshore drilling rigs, with lowest offers from ADNOC Drilling at KD43.26 million, as it aims for 150,000 bpd production by 2035.
KOC offshore rig tender opened
Kuwait Oil Company (KOC) has received bids from four companies in a tender for self-elevating (jack-up) offshore drilling rigs, Times Kuwait reported on 26 September. The bids were opened by the Supreme Purchasing Committee of Kuwait Petroleum Corporation (KPC) and its subsidiaries, which referred them to working groups for study, according to the report.
Three contractors, two bids each
ADNOC Drilling submitted the lowest offers, at KD43.26 million (about AED516.1 million) and KD53.3 million (about AED635.8 million). Arabian Drilling Company submitted two bids of KD55.55 million (about AED662.7 million) each, while ADES submitted bids of KD58.83 million (about AED701.8 million) and KD66.23 million (about AED790.1 million).
A fourth bid, from Power Holdings Limited, was rejected because the company did not provide a bank guarantee. The report did not give the number of rigs or the contract term.
Earlier jack-up tender
In January, KPC launched a tender for two jack-up rigs to drill eight high-pressure, high-temperature exploratory wells over four years, Argaam reported at the time, citing Al-Anbaa. It is not clear whether the bids opened this month relate to that tender.
KOC offshore exploration
KOC achieved a 100% success rate in the six wells of its first offshore exploration phase, and a second phase will add 18 wells, according to Deputy CEO for Exploration and Drilling Khaled Al-Mulla. He said offshore production capacity is projected to reach about 150,000 barrels per day by 2035.
The same committee session opened 31 tenders for the company, covering works, technical services, digital systems and specialised supplies.
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