India’s Larsen & Toubro (L&T) has reportedly won an EPC (Engineering, Procurement and Construction) contract from Kuwait Oil Company (KOC) for new Jurassic Light Oil (JLO) export facilities and upgrades to the existing crude export network. The contract is reportedly valued at KWD 303.5 million, approximately $988 million.
The project, named ‘JLO Export Facilities & Upgrading of Existing Export Network,’ is reportedly being executed by L&T’s Energy Hydrocarbon Onshore business on a lump sum turnkey (LSTK) basis. The scope reportedly includes the engineering, procurement, construction, commissioning, and handover of new export facilities for Kuwaiti Export Crude (KEC) and Jurassic Crude, along with upgrade work to improve the efficiency and flexibility of the existing crude export network. The applied technology and any specific licensor were not specified in the original report.
The project reportedly includes six new crude storage tanks with a combined capacity of approximately 618,000 barrels, along with associated pump stations, pipelines, and manifolds. The contract value has been reported as KWD 303.5 million (approximately $988 million) by SaudiGulf Projects and Times Kuwait, while Gulf Construction Online and Oil & Gas Middle East reported a slightly different figure of approximately $992 million — a discrepancy of roughly $9-10 million attributed to differing conversion bases across outlets.