Van Oord Nabs EUR 500 M Land Reclamation Contract (Kuwait)
- Business & Finance
Van Oord has been awarded a land reclamation project in Kuwait. The client is the Kuwait National Petroleum Company (KNPC) and the contract value amounts to approximately EUR 500 million.
The project involves the reclamation of land in a ‘sabkha area’ (a salt plain near the coast) for the construction of a new refinery. The New Refinery Project is situated in the Al-Zour area south of Kuwait City.
The refinery will produce 615,000 barrels a day. The project is the first phase of KNPC’s USD 23 billion investment program for this new refinery.
Work on the project will begin immediately, with completion to take 30 months. The project involves dredging and reclaiming some 65 million cubic metres of sand and executing extensive ground consolidation.
The project will also include constructing various channels, a basin for a future jetty, a barge dock and roads.
Van Oord will deploy large trailing suction hopper dredgers and cutter suction dredgers.
Press Release, March 12, 2014