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Press Dossier   News Category    Legal    KOC signs contract to study exploitation of renewable energy

Kuwait Times, Sunday, Jan 22, 2023 | Jamadi Al Thani 29, 1444

KOC signs contract to study exploitation of renewable energy

Kuwait: Kuwait Oil Company (KOC) signed on Thursday a consulting contract with Worley Consulting to conduct a detailed feasibility study for the exploitation of renewable energy in its fields. In a press statement, the KOC said that this step came in accordance with the roadmap regarding the energy transition to reach net zero carbon emissions by 2050.

The electricity produced from the renewable energy stations to be established will be used to feed the company’s fields and facilities by connecting them to the national electricity grid, it added.

The company also noted that the signing of the consulting contract took place during a meeting attended by the KOC’s Director of Health, Safety and Environment Group Shamlan Al-Roumi and Director of the Innovation and Technology Group Hamad Al-Zaabi, in addition to representatives of the ministry of electricity, water and renewable energy.

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