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KBR advises Kuwait Oil Company on renewable energy masterplan
Kuwait Oil Company has hired KBR to advise the company on a country wide masterplan for the development of renewables and hydrogen.
Established in 1934, Kuwait Oil Company is responsible for the exploration, drilling and production of oil and gas within Kuwait. The company, a subsidiary of government-owned Kuwait Petroleum Corporation, is one of the larger players in the oil & gas sector.
As part of its 2040 strategy, Kuwait Oil Company is seeking to add renewable and alternative energy sources to its mix, in areas where diversification “adds value to the businesses” states the strategic roadmap.
That longer term ambition has materialized into a number of strategic initiatives, including a program that aims to produce 17GW of renewables and 25GW of green hydrogen by 2050. The contract with KBR will see the engineering and consulting firm develop the masterplan that is needed to realize this initiative.
KBR will provide advisory consulting services to develop a phased strategy for the deployment of significant wind and solar power, combined with power storage capability. The renewable power capability will be linked to the production of green hydrogen for internal industrial use, as well as for export purposes.
The development of the masterplan is expected to take 18 months, with KBR developing a market analysis, techno-commercial feasibility studies, and a roadmap.
“We are excited to be a part of this significant national level strategy in Kuwait,” said Jay Ibrahim, President of Sustainable Technology Solutions at KBR. “This win highlights our advisory capabilities in the development of major energy transition investments at a national level, supported by decades of successful project delivery and technology deployment in the GCC region. It is also indicative of KBR’s strategic commitment to Kuwait.”
Headquartered in the US, KBR employs approximately 35,000 people worldwide with customers in more than 80 countries and operations in over 30 countries.
