State-owned upstream operator Kuwait Oil Company (KOC) has extended the bid deadlines for two strategic oil projects worth a total of $1.3bn.The first contract, estimated to be worth KD292m ($951m), is focused on developing a separation facility in the NK SA/BA Area, close to Gathering Centre 23 (GC-23) and GC-24.The scope of the contract also includes a new injection facility at GC-31 and effluent water injection networks in north Kuwait.The second contract, estimated to be worth KD104m ($338m), is focused on developing separation facilities at GC-25 and a water injection facility at GC-30.Both of the projects are using the build, own and operate contract model.The bid deadline for both projects has been extended to 13 April from the previous bid submission deadline of 16 March.KOC was planning to extend the bid deadline earlier this month.Kuwait is in the middle of an upstream projects push, in line with its goal of producing 4 million barrels a day (b/d) of oil by 2035.Production capacity currently stands at about 2.9 million b/d, and the country aims to reach 3.2 million b/d in 2025 or 2026.On 10 May 2024, Kuwait’s Emir, Sheikh Mishal Al-Ahmad Al-Sabah, announced the indefinite suspension of parliament in a televised speech.Under Kuwaiti law, parliament can be suspended for a maximum of four years.Prior to the suspension of Kuwait’s parliament, the country suffered from very low levels of project awards for several years due to political gridlock and infighting between the country’s cabinet and parliament. (ICE KUWAIT)

Fonte notizia: Meed