Kuwait Process for Petroleum Equipments & Facilities Co. is a Limited Liability Company incorporated on 18 October 2009 to provide operations and maintenance services to Oil and Gas Industries thereby optimizing the product output and cost-effectiveness. An ISO 9001:2008 QMS, BS OHSAS 18001:2007, ISO 14001:2004 EMS certified company specialized in O&G Upstream Direct Investment Projects.
The Company is currently involved in the operations and maintenance of 120 MBOPD early production facility to process and handle wet crude oil from the oil fields of Northern Kuwait.
Build—Own—Operate (equipment rental plus operation) and Build—Own—Operate—Transfer (equipment rental plus operation with the option to purchase) provides the perfect solution by facilitating early production at minimal upfront capital cost and faster return on investment. They are ideal for small oil reserves that would be uneconomical for oil production with a permanent facility.
The Kuwait Oil Company (KOC) EPF - 120 project in north kuwait is a perfect example of application of BOO projects in Oilfield.
The Benefits of the EPF approach include:
- Reduced upfront capital cost
- Reduced project lead time
- Lower project life-cycle cost
- Accelerated project returns
With proper structural planning BOO provides a platform for implementing innovative methods in oil production without sacrificing on quality, safety and reliability.