Seeking Technical Service Partner for Oil & Gas Drilling Operations in Kuwait

Streszczenie

Opportunity Type

Joint Ventures and Partnerships

Wielkość inwestycji

do ustalenia

Kraj podatkowy

NPS (Al Nasseria Petroleum Services) is looking for a Technical Service Partner (TSA) to collaborate on a pre-qualification opportunity with a major oil & gas operator in Kuwait. The partnership model will be structured as a strategic alliance, where both companies leverage their strengths to successfully meet operational and compliance requirements.

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Company Presentation

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Opis

NPS (Al Nasseria Petroleum Services) is looking for a Technical Service Partner (TSA) to collaborate on a pre-qualification opportunity with a major oil & gas operator in Kuwait. The partnership model will be structured as a strategic alliance, where both companies leverage their strengths to successfully meet operational and compliance requirements.

Key Requirements:

Doświadczenie:

  • At least 3 directional/horizontal wells drilled in the last 3 years.
  • Minimum 20 oil/gas wells drilled and completed in the past 5 years.
  • Current onshore drilling or workover operations.

Resources & Compliance:

  • Own at least 3 drilling rigs (1500 HP or higher).
  • Skilled personnel certified in IWCF/IADC Well Cap, H2S, and First Aid.
  • Strong Health, Safety & Environmental Management System (HSEMS).
  • Financially sound with audited financials (IFRS compliant).

Technical Support & Commitment:

  • Ability to provide training, technology transfer, and operational consultancy.
  • Committed to long-term knowledge transfer and local engagement.

Services NPS Provides to the International Partner

Local Market Entry & Compliance Support

  • Assistance with pre-qualification & licensing with major operators.
  • Ensuring adherence to Kuwait’s oil & gas regulations and compliance standards.
  • Legal & financial advisory on contracts, taxation, and business setup.

Operational & Logistical Support

  • Office setup & local presence management in Kuwait.
  • Workforce recruitment & mobilization in compliance with Kuwaiti labor laws.
  • Supply chain & procurement support for necessary drilling equipment and materials.

Technical & HSE Integration

  • Implementation of localized HSE policies & training for operational teams.
  • Support in adapting international drilling technologies to Kuwait’s oil fields.
  • On-the-ground troubleshooting & risk management for smooth operations.

Business Development & Project Expansion

  • Identifying new opportunities in the Kuwaiti oil & gas sector beyond the initial contract.
  • Facilitating stakeholder engagement with national oil companies, ministries, and regulators.
  • Exploring long-term partnerships for continued drilling and well services.

Przegląd rynku

Market Size and Growth

The Kuwait oilfield services market was valued at USD 0.98 billion in 2023 and is projected to reach USD 1.21 billion by 2032, reflecting a compound annual growth rate (CAGR) of 3.00% during the forecast period.

Kuwait Oilfield Services Market Growth

Source: Data Insights Market

Market Segmentation

  • By Service Type:

    • Drilling: Includes directional and non-directional drilling services.
    • Completion: Services related to making a well ready for production.
    • Production: Ongoing services to maintain and enhance hydrocarbon extraction.
  • By Location:

    • Onshore: Traditional land-based drilling operations.
    • Offshore: Marine-based drilling activities, which are gaining momentum in Kuwait.

Key Players

Prominent companies operating in Kuwait’s drilling services market include:

  • Kuwait Petroleum Corporation
  • Fugro NV
  • KCA Deutag Alpha Limited
  • Saipem SpA
  • Senergy Holding Company KPSC

Mordor Intelligence

Regulatory Environment

Kuwait’s oil and gas industry is governed by stringent regulations aimed at ensuring sustainable and environmentally responsible operations. Compliance with local content requirements, environmental standards, and safety protocols is mandatory for all drilling activities.

Technological Trends

The adoption of advanced drilling technologies is pivotal in enhancing operational efficiency and reducing environmental impact. Technological developments in drilling equipment and solutions are positively impacting the demand for regional drilling services.

Demand Analysis

Current Demand

The demand for drilling services and equipment is strong due to Kuwait’s goal of increasing its oil and gas production capacity over the next ten years by developing heavy oil fields and offshore production.

Future Projections

With plans to raise crude oil production capacity and develop heavy oil fields, the demand for drilling services is expected to remain robust. The focus on offshore exploration further augments this demand.

Competition Analysis

Kuwait’s drilling services market is a significant segment within the Middle East’s oil and gas industry. As of 2025, the market is valued at approximately USD 1.01 billion and is projected to grow at a Compound Annual Growth Rate (CAGR) of 3%, reaching USD 1.17 billion by 2030.

Key Competitors and Financial Metrics:

  1. Burgan Company for Well Drilling, Trading and Maintenance (BWD):
    • Revenue: As of September 30, 2024, BWD reported a trailing twelve-month revenue of approximately USD 161 million.
    • Market Position: BWD is a prominent local player in Kuwait, offering drilling, exploration, and maintenance services for oil and gas wells.
  2. Kuwait Drilling Fluids & Oil Services (KDF):
    • Market Segment: In 2023, the drilling fluids market in Kuwait generated revenues of USD 166 million and is expected to reach USD 240 million by 2030, growing at a CAGR of 5.4%.
    • Market Position: KDF holds a significant share in the drilling fluids segment, contributing notably to the overall drilling services market in Kuwait.
  3. SLB (formerly Schlumberger):
    • Regional Performance: In 2023, SLB achieved its highest-ever revenue in the Middle East, with significant growth in countries including Saudi Arabia, the United Arab Emirates, and Egypt.
    • Market Position: As a leading international oilfield services company, SLB’s substantial presence in the Middle East suggests a competitive position in Kuwait’s drilling services market.

Market Comparison:

While specific market share data for each company is limited, the available financial metrics provide insight into their relative sizes within Kuwait’s drilling services market:

  • Burgan Company for Well Drilling (BWD): With a revenue of USD 161 million, BWD holds a significant position among local competitors.
  • Kuwait Drilling Fluids & Oil Services (KDF): Operating within a market segment valued at USD 166 million in 2023, KDF is a key player in the drilling fluids sector.
  • SLB: Given its record-breaking revenues in the Middle East, SLB’s operations in Kuwait contribute to its strong regional presence.

These financial indicators highlight the competitive landscape of Kuwait’s drilling services market, with both local and international companies playing pivotal roles.

Finanse

Tylko inwestorzy mogą przeglądać dane finansowe.

Aktywa

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Major Benefits in this Opportunity

  • Strong local presence & industry reputation in Kuwait
  • Deep understanding of Kuwaiti regulations & compliance requirements
  • Proven experience in executing large-scale oil & gas projects
  • Strategic connections with major operators & government bodies
  • Robust HSE & operational standards for seamless project execution

By partnering with NPS, the international company gains a trusted local ally that ensures smooth entry, regulatory compliance, and operational success in Kuwait’s competitive oil & gas sector.

Who is it Ideal for?

International Drilling Contractors: 

Multinational drilling companies (e.g., Nabors Industries, Transocean), or specialized onshore drilling contractors.

Specialized Drilling Services Provider:

Companies specializing in directional drilling services or those providing advanced drilling tools and equipment.

Zarządzanie i zespół

sheikh Nasser Al Sabah- Al Nasseria
Sheikh Nasser Al Sabah – CEO
Experienced Founder with a demonstrated history of working in the oil & energy (downstream) industry. Skilled in Maintenance, Project, & Safety Department as well as Market Planning, Engineering, Business Development, Project Engineering, and Recruiting. Strong business development professional with a Diploma in Marine Engineering, Bachelor of Science - BS focused in Mechanical Engineering Related Technologies/Technicians from Alabama Agricultural and Mechanical University. Worked in the oil sector(downstream) by exporting and handling the work related to maintenance for running units like FCC, ARD CDU, and others and project coordinator for Mina Abdullah refinery in Kuwait.
Sheikh Bader Al Sabah
Sheikh Bader Al Sabah – VP
Vice president of the board and manager of operations in Al Nasseria Petroleum Services.
World-Business-Council-Logo-Standing
World Business Council – Advisor
WorldBC, Headquartered in Warsaw is responsible for partner selection, and success management of the joint venture in the upcoming tenders in Kuwait.

Potencjalne zachęty do inwestowania w

Zachęty inwestycyjne w

Możesz zostać zakwalifikowany do...

Customs Duty Exemption for Capital Goods

Exemption from customs duties on imported machinery, equipment, and raw materials for approved projects.

KFAS R&D Grants

Partial grants for R&D in science and technology (energy, environment, health, etc.).

KISR Collaboration Funding

Grants or cost-sharing for industrial R&D in energy, water, and environment sectors.

PPP Incentives (KAPP)

Public-Private Partnerships (PPP)
For large-scale refining, storage, or petrochemical infrastructure, Kuwait can employ PPP models. The Kuwait Authority for Partnership Projects (KAPP) oversees such agreements. Incentives may include:
Viability Gap Funding: Government co-funding if the project is deemed critical for national development.
Tax/Customs Concessions: Up to 10-year corporate tax holiday, plus duty-free import of project materials.
Land/Facility Support: Access to industrially zoned land at reduced rates through the Public Authority for Industry (PAI).

National Fund for SME Development

Government-backed financing and partial grants for SMEs with majority Kuwaiti ownership.

Możesz sprawdzić dostępne opcje finansowania za pośrednictwem naszej platformy internetowej, połączonej z ponad 4500 lokalnymi bankami i pożyczkodawcami na całym świecie.

Industrial Bank of Kuwait (IBK) Soft Loans

Low-interest or subsidized loans for manufacturing and industrial projects.

1. Types of Projects the Bank Invests In

  1. Industrial Sector Projects

    • Manufacturing and Processing: Spanning building materials, food products, chemicals, metals, paper, textiles, and more.
    • Petrochemicals & Refining: Support for expansions or new petrochemical/refining ventures (e.g., Al-Zour Refinery).
    • Extraction & Support Services: Inclusion of upstream projects (e.g., crude oil and gas extraction) under certain conditions.
  2. Expansion and Modernization Initiatives

    • Upgrading Existing Factories: Adding new production lines, machinery, or technologies.
    • Scaling Operations: Funding new facilities, increased capacity, or product diversification.
  3. New Industrial Projects

    • Greenfield Ventures: IBK finances brand-new setups that align with Kuwait’s industrial development policies (e.g., pharmaceuticals, advanced food processing).
    • Pilot or Innovation-Centric Activities: Projects introducing new technology, automation, or specialized manufacturing.
  4. Government-Sponsored Initiatives

    • Small and Medium Enterprises (SMEs): Using government portfolios to fund start-ups or smaller ventures in manufacturing, agriculture, and services.
    • Agricultural Development: Projects that boost local crop, poultry, fish farming, and related agribusiness industries.
  5. Direct Investments & Private Equity

    • Local Equity Stakes: Acquisitions in industrial companies to strengthen sector growth or to remediate underperforming assets.
    • International Private Equity: Selectively invests in private equity funds or ventures aligned with industrial or strategic value for Kuwait.

2. Key Fields with High Chance of Acceptance

  1. Building Materials & Construction Inputs

    • Historically the top recipient (around 20% of IBK’s industrial loan commitments).
    • Demand remains high due to infrastructure and development projects in Kuwait (e.g., Shadadiyah Industrial Area).
  2. Food and Beverage Manufacturing

    • Strong local demand and government emphasis on food security.
    • Notably, about 10%+ of IBK’s cumulative industrial loans have gone to food-related projects.
  3. Chemical & Chemical Products

    • Includes pharmaceuticals and other advanced chemical manufacturing, often receiving favorable support due to technology transfer and local production benefits.
  4. Metals and Engineering

    • Metal fabrication, steel reinforcement bars, and related engineering sub-sectors are consistently financed, reflecting large infrastructure needs.
  5. Oil & Gas Downstream (Refining, Petrochemicals)

    • Major strategic projects, like Al-Zour Refinery, represent key national development goals and often find strong backing from IBK.
  6. Renewable Energy & Environmental Solutions (Emerging)

    • While not traditionally a top sector, government diversification plans and decarbonization pressures may open new financing avenues (e.g., solar energy components, recycling plants).

3. Financing Products Offered

  1. Long-Term Industrial Loans

    • Medium/Long-Term Credit: For new plant setups, expansions, or modernization.
    • Typically granted at concessionary or partially subsidized rates (depending on government programs).
  2. Commercial Banking Facilities

    • Working Capital & Bridge Financing: Short- to medium-term loans for managing cash flow, inventory, or project bridging.
    • Guarantees & Trade Finance: Letters of credit, bank guarantees, and other non-cash facilities for industrial clients.
  3. Specialized Government Portfolios

    • Al-Senai Portfolio for Small Enterprises: Sharia-compliant funding up to specific limits for Kuwait-based SMEs in manufacturing, transport, food services, etc.
    • Agricultural Financing Portfolio: Loans for agribusiness (e.g., greenhouse farms, poultry, fish planting) at favorable terms.
    • Islamic Industrial Financing Portfolio: Medium/long-term finance for industrial projects under Murabaha, Ijara, or Istisna’a structures.
  4. Direct Investments (Equity Stakes)

    • IBK can acquire direct ownership in strategic industrial ventures, local or international (mainly through its subsidiary KIPCO).
    • Private equity or venture capital style investments, focusing on technology transfer or industrial diversification.
  5. Treasury & Capital Market Services

    • Syndicated Loans: Collaborations with local and international banks to raise larger funding for bigger industrial or infrastructural projects.
    • Bilateral Loans: From international banks to provide lines of credit to IBK, which in turn funds local industry.

KISR Collaboration Funding

Grants or cost-sharing for industrial R&D in energy, water, and environment sectors.

Our network of Advisors will help you in gaining the benefits from Tax incentives.

No Corporate Tax on Kuwaiti-Owned Companies

Kuwait does not impose corporate income tax on firms fully owned by Kuwaiti or GCC nationals.

Discounted Petrochemical Feedstock (KPC)

For petrochemical and industrial energy projects, the government (often through KPC) can supply natural gas and other hydrocarbon feedstock at preferential or below-market rates to encourage large-scale, value-added production in Kuwait.
Case-by-Case Negotiations: Investors establishing new downstream facilities (e.g., fertilizer, plastics, or other petrochemicals) can negotiate feedstock supply agreements. These are typically tailored to each project’s scope, technology transfer, and job creation.
Integration with Tax Incentives: When a foreign entity obtains an investment license from KDIPA for a manufacturing or value-added energy project, it may qualify for (a) corporate tax exemptions for up to 10 years, (b) customs duty exemptions on imports of machinery, and (c) 100% foreign ownership—all of which augment feedstock discounts.

Customs Duty Exemption for Capital Goods

Exemption from customs duties on imported machinery, equipment, and raw materials for approved projects.

Visa requirements and Options.

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Entering a strategic alliance for a high-stakes pre-qualification in Kuwait’s oil & gas sector can yield substantial benefits—access to major projects, shared expertise, and local market presence—but also carries a spectrum of risks. Both NPS and the international partner must rigorously assess and mitigate these risks through: – Clear contractual frameworks defining roles, responsibilities, and revenue sharing. – Detailed compliance strategies for HSE, labor laws, and financial regulations. – Robust project management plans to handle technical and operational challenges. – Strong governance structures (joint steering committees, dispute resolution processes) to align on decisions and manage unforeseen challenges. By proactively identifying these risks and establishing risk management protocols, the alliance can position itself for a more stable and successful collaboration under Kuwait’s demanding oil & gas environment.
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Dodatkowe koszty transakcyjne w

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Dodatkowy kosztType of Costsappx. Value
One time Prequalification feeFixed$1500
Tender Bid GuaranteePercentage3%

Przedstawione koszty wskazują typowe scenariusze, ale rzeczywiste wydatki mogą się różnić w zależności od kilku czynników, w tym pilności transakcji, narodowości zaangażowanych stron i innych szczególnych okoliczności. Powyższa lista nie obejmuje wszystkich potencjalnych wydatków.

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Zapytanie o więcej informacji

Seeking Technical Service Partner for Oil & Gas Drilling Operations in Kuwait

Questions that you should know...

the following three parameters are of the highest importance. Price, Local partner and Qualification. to know more about it, check this articles.

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Zastrzeżenia Autor: najafi.capital

Zaktualizowano w sierpniu 2023 r. Ta treść została stworzona przez współpracownika Najafi Capital (Najafi) i jest prezentowana wyłącznie w celach informacyjnych. Szczegóły na tej stronie nie zachęcają ani nie odradzają subskrypcji, nabycia lub sprzedaży jakichkolwiek papierów wartościowych lub ofert. Materiał, który Najafi ocenia pod kątem kontroli i due diligence właściciela projektu, wynika bezpośrednio z przedstawienia przez właściciela projektu możliwości inwestycyjnej. Chociaż Najafi uważa, że ​​informacje pochodzą z wiarygodnych kanałów, nie ma absolutnej pewności, gwarancji ani oświadczenia co do ich autentyczności. Najafi zrzeka się wszelkiej odpowiedzialności za treści dostarczane przez właściciela projektu, w tym dane wykorzystywane do realizacji elementów opisanych na tej stronie. Najafi nie ponosi odpowiedzialności za precyzję, legalność ani potwierdzenie późniejszych szczegółów udostępnionych przez właściciela projektu.

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