publish time

25/07/2024

author name Arab Times
visit count

4735 times read

publish time

25/07/2024

visit count

4735 times read

KUWAIT CITY, July 25: The KPC and Saudi Aramco have completed studies and are preparing to float a tender for the giant engineering, supply, construction, and installation in the Durra offshore gas field, according to the British “Oil Price” website. Informed sources told Al-Seyassah that KPC and Saudi Aramco are working jointly to implement the project according to established timelines. Joint meetings are ongoing to ensure the project’s timely execution.

The website, which specializes in global oil and gas news, estimated that once production begins, the Dorra field will produce about one billion cubic feet per day of gas and 84,000 barrels per day of condensate. The tendering process is expected to begin very soon. Last April, Gulf Oil Company signed a contract for preliminary engineering works for the Durra field and project management consultations for the gas and condensate processing facilities project for Kuwait’s share of the field.

This contract was signed between Gulf Oil and Technip Energies. In other news, the recent decision by the CEO of the Kuwait Petroleum Corporation (KPC), Sheikh Nawaf Al-Saud Al-Sabah, regarding the unified promotion system for filling positions at grades 17 and above in the oil sector, has reported increasing the maximum number of candidates from 10 to 15 for the initial selection for each vacant position.

The system takes into account practical experience in the field for candidates within the oil sector, including those who have worked in Al-Khafji Joint Operations and international companies outside Kuwait in the oil and gas industry and comprehensive services. Exceptions are made for individuals who have not been at work for over 90 days due to reasons such as accompanying a patient who is an immediate relative, sick leave resulting from injury or accident, or illnesses resulting from surgical operations.

The recent decision by Sheikh Nawaf Al-Saud Al-Sabah, CEO of the Kuwait Petroleum Corporation (KPC), includes an amendment to the selection period for job candidates, extending it from 3 years to 4 years. This decision, obtained by Al- Seyassah, confirms that the new unified promotion system for positions at grades 17 and above will be implemented immediately, overriding any confl icting regulations. Until a new evaluation mechanism is developed by the Human Resources and Comprehensive Services Sector, the “360 degree” evaluation method will be used on a temporary basis. In addition, KPC has retained its position among the top 10 brands in the Middle East and remains the most valuable brand in the local market. According to the BrandDirectory’s annual report on the most valuable and powerful brands in the Middle East, KPC ranked tenth with a brand value of $4.4 billion.

By Najeh Bilal
Al-Seyassah/Arab Times Staff