Bids on a $4.27bn engineering and procurement (EPC) tender for first phase, 60,000 b/d, development of the Ratga heavy oil field (12-16°API) in North Kuwait close on 11 May.

However, the deadline for EPC contractors to submit their finalized bids may be extended by a further month, Hashim Hashim, CEO of Kuwait Oil Company (KOC) – which operates onshore oil fields as a subsidiary of Kuwait Petroleum Corporation (KPC) – told reporters this week on the sidelines of CWC’s 3rd Kuwait Oil and Gas Summit. (CONTINUED - 2257 WORDS)