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Article: Positive response from IOCs for project Kuwait.(Kuwait)(Kuwait Petroleum Corp. evaluates bidders for the proposed Project Kuwait scheme)(Brief Article)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- July 25, 2003
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Six international oil companies (IOCs) responded by the 21 July deadline to Kuwait Petroleum Corporation (KPC), giving details of the planned bidding consortia for the proposed Project Kuwait scheme (MEED 13:6:03; 23:8:02).
The IOCs are BP of the UK, the Royal Dutch/Shell Group, Total of France and ExxonMobil Corporation, ChevronTexaco Corporation, and ConocoPhillips Petroleum Company--all of the US.
The response came after a mid-July meeting held in London by KPC on the proposed scheme. "A detailed presentation was made on the 60-page proposed OSA [operating service agreement]. At the meeting, KPC spelt out the complete operating process and the fiscal ...