Borets Awarded Contract by Kuwait Oil Company
01 December, 2020
Borets, a global leader in the engineering, manufacturing, sales and service of electric submersible pump (ESP) systems, was awarded a multi-year contract by Kuwait Oil Company (KOC) for the supply, installation, surveillance, and maintenance of electric submersible pumping systems.
“The award of this contract is a significant achievement for Borets in the region,” said Vlad Kondratiev, CEO of Borets. “As the world’s largest manufacturer of ESP products, we are appreciative of the trust shown in Borets and look forward to helping KOC achieve their production targets through our innovative ESP technology and high-quality service,” added Mr. Kondratiev.
The duration of the awarded contract is seven years beginning November 2020, with an optional twelve-month extension. In addition to ESP products and service, the contract scope also includes opportunity for Borets to supply and service additional products such as horizontal pump systems (HPS), surface supervisory data acquisition and control, and third party power generation and chemical injection equipment.