Kuwait confirms lowest bidder for Jurassic projects [Yahoo! Finance]
JGC HOLDINGS CP UNSP/ADR (JGCCY)
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Source: Yahoo! Finance
as JPF-4 and JPF-5, according to official data published by the country's Central Agency for Public Tenders (CAPT). The official numbers have been published days after MEED exclusively revealed the prices that were submitted by contractors. While Spetco has submitted the lowest price for both projects, it is unlikely that it will be awarded both contracts by KOC. Kuwaiti law stipulates that a contractor can only be allowed to win a single contract in a project containing more than one package. Currently, the Chinese oil field services company Jereh, which has an agreement with the local agent Napco, is the second-lowest bidder on both JPF-4 and JPF-5 and it looks likely that it could be awarded one of the contracts. Bids for the project were submitted on 4 April by five contractors. The full list of bidders and their prices in order of value are: Spetco (Kuwait) JPF-4: $489,450,000 JPF-5: $489,450,000 Jereh (China) with Napco (Kuwait) JPF-4: $490,650,000 JPF-5: $49
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