Odfjell Well Services has signed a contract with Kuwait Oil Company (KOC) to provide tubular running services, downhole drilling tools, drillpipe, pressure control and wellbore clean up equipment for all KOC drilling and workover operations.
Odfjell Well Services is one of three successful bidders selected to provide these services both onshore and offshore. Currently there are over 120 rigs working onshore in Kuwait, however this is expected to increase significantly during 2018.
The firm duration of the contract is 5 years, based on call off services and is expected to commence in January 2018.
George Taggart, EVP Odfjell Well Services says; “This is an extremely important contract for Odfjell Well Services and builds upon our strategy to grow in new geographical markets. Kuwait is currently one of the largest growing markets in the world and this contract assures our position as one of the leading service companies in the region for many years to come.”
About Odfjell Drilling
Odfjell Drilling is a listed international drilling, well service and engineering company with 2000 employees and operations in more than 20 countries.
About Kuwait Oil Company
Kuwait Oil Company's Responsibilities under the KPC's Umbrella involve the exploration, drilling and production of oil and gas within the State of Kuwait. The Company is also involved in the storage of crude oil and delivery to tankers for export.