KOC signs contracts to remediate contaminated soil
KUWAIT CITY: KOC has signed five new contracts to remediate soil contaminated by oil spills in North and South Kuwait, as part of the Kuwait Environmental Rehabilitation Program (KERP), the largest environmental treatment project in the world.
The contracts aim to implement projects to remediate and repair polluted soil in the second and third area in North and South Kuwait due to the Iraqi invasion.
The five projects, which their contracts prepared by the Soil Remediation Group at KOC, will treat approximately 13 million cubic meters of oil-contaminated soil from the invasion, in cooperation and coordination with the Kuwait National Focal Point (KNFP).
Iraq wants replacement for Exxon Mobil
WASHINGTON: Iraq's Prime Minister Mustafa al-Kadhimi said he wants another American company to replace Exxon Mobil Corp when it exits Iraq.
'Exxon Mobil is considering exiting Iraq for reasons that are to do with its internal management practices, decisions, and not because of the particular situation in Iraq,' Kadhimi said.
'When Exxon Mobil departs, we will not accept its replacement to be other than another American company,' he added, speaking through a translator.
Kadhimi did not specify which American companies might be interested. Chevron Corp also operates in Iraq.
In May, Iraq's Oil Minister Ihsan Abdul Jabbar said the country was considering purchasing Exxon's West Qurna stake through state-owned Basra Oil Company.
Exxon said in a statement that it had entered into an agreement with Petrochina and China's offshore oil and gas major CNOOC Ltd to sell its West Qurna interest in January 2021. It added that Indonesia's Pertamina has since exercised its right to purchase the interest that would have been sold to CNOOC.
The statement also said Exxon has filed for arbitration against Basra Oil over Exxon's sale of the West Qurna stake. It did not mention a sale to a US firm.
'The sale aligns with ExxonMobil’s strategy to focus on advantaged assets with the lowest cost of supply, including developments in Guyana, Brazil and the US Permian Basin,' the statement said.
Proserv lands key manufacturing order for Iraq oil field
ABERDEEN: Global controls technology company Proserv Controls has secured a significant contract to manufacture and deliver 22 wellhead control panels (WHCP) to the Basra Oil Company (BOC) for use on the Majnoon Oil Field in southern Iraq.
The 22 WHCPs each has the capability of controlling up to four wells and they have been earmarked for use on 70 new wells which are currently in the development phase. At present, Majnoon has a capacity of just over 200,000 barrels per day (bpd) of production, but BOC’s strategy is to more than double this to above 400,000 bpd in the next two years.
Proserv will deliver the WHCPs in three lots, with the first due towards the end of Q3 2021, with the second scheduled for Q4 and the final tranche set to arrive in March 2022.
