KOC, Weir Oil&Gas Signed $12m Deal

KOC, Weir Oil&Gas Signed $12m Deal

Khuff Trading and Contracting has signed an agreement with Kuwait Oil Company (KOC) for the purchase of 295 Seaboard™ wellheads, worth about $12m, reported Weir’s website.

Under the terms of the agreement, Khuff will provide KOC with 11 different wellhead configurations ranging from 3,000 to 10,000PSI. The products sold include conventional wellheads along with HH cladded trees, and solid block dual completion trees. Equipment designs will accommodate casing and tubing sizes ranging from 24 to 3.5 inches in the various well head configurations supplied to KOC, according to Oil Field Technology News. Khuff Trading and Contracting represents Weir Oil & Gas Dubai in Kuwait. The comany’s Managing Director, Ahmed Dick, said: “partnering with Weir is an extension of several components of KOC’s 2030 Strategy.”

Weir’s Interim EMEA Regional Managing Director, Fraser Park, stated that this deal marks an important step in the company’s commitment to the upstream market within the Middle East region. He added: “since opening the first wellhead manufacturing facility in Dubai’s Jebel Ali Free Zone last year, our commitment to keeping customers productive and profitable in challenging conditions has not wavered. To have an industry leader such as KOC entrust us with their wellheads demonstrates that we are delivering on our promise.”

In addition to a manufacturing facility for an entire suite of equipment for the upstream and downstream markets, Weir provides operators in the region with operations and maintenance integrated services contracts. The scope of its resources in the region is key to its ability to serve as a resource to companies such as KOC.


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