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Kuwait contractor Spetco signs $295m financing deal for JPF 4 upstream project: MEED

RIYADH: Kuwait-based contractor Spetco signed a $295-million financing deal with four banks to finance the $398-million Jurassic Production Facilities 4, also known as JPF 4 upstream oil and gas project, MEED reported citing industry sources. The financers with whom the deal was signed on June 2 are from both Islamic banks and conventional banks. Commercial Bank of Kuwait is

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Technip back in contention for Kuwait oil project

Technip was accepted back into the bidding process for a PMC contract with Kuwait Oil Company, something that has proven controversial.

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Kuwait signs $398m Jurassic gas contract

Kuwait Oil Company signed a contract with Spetco worth $398m for the JPF-4 project while the JPF-5 contract was signed with Jereh earlier this month.

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