6 - Kuwait Oil Company

at its various stages
around the year, including
the development of
qualification requirements
and making them
within the reach of all
companies. We seek to
amend the qualification
procedures to be easier
and more effective than
ever before, as well as
the introduction of a
variety of job categories
from various disciplines
in the oil and gas
industry,” Faraj said.
The number of job
categories accredited by
the Company reached
121 main and sub
categories, while the
number of categories of
qualification of suppliers
reached 127 categories,
and the total number
of qualified contractors
reached 631 certified
companies from 47
different countries. The
number of manufacturers
reached 1,583 from 53
different countries.
Faraj went on to say that
“as a leading national
company which is keen
on boosting economic
development in the
country, KOC continues
to support local producers
and contractors in all
available fields, and this
has always been KOC’s
goal and approach,
which is in line with the
policies and directions
to support the private
sector and involving it
in the activities of the oil
industry where possible.”
In order to achieve
this goal, he said, the
Company has adopted
a clear plan aimed at
increasing the role of
private companies in
petroleum activities
on several fronts. The
initiatives and steps
that have been taken
include the following:
• Expanding the
contribution of private
sector companies in the
Company's contracts,
where the number of
contracts with them
reached about 475
contracts, at a rate of
no less than 70% of
the number and value
of contracts applicable
to the Company.
• The development of
manufacturers and
contractors for services,
projects, oil well services
and exploration to be
able to contribute to the
Company's activities and
compete with foreign
companies operating in
the oil and gas industry.
• At the level of
qualification of local
companies, new job
categories have been
created specifically
for the qualification
of local contractors.
They reached 21
main categories,
including about 210
local contractors
along with local
contractors accredited
on job lists shared with
foreign companies.
• Encouraging local
companies to
achieve commercial
communication
and trade links with
international contractors
either through
partnership or other
types of commercial
relations, in order
to transfer modern
technologies available
to global companies
to them and enhance
their technical potentials
while aiding in their
development and
acquiring the required
expertise in the oil
and gas industry.
• To encourage local
businessmen and
investors to set up
factories to produce
goods and materials
related to the oil and
gas industry, which
would contribute
to the economic
development and create
jobs for Kuwaitis.
• KOC attaches great
importance to the
employment of national
manpower in regard
to the contracts it
signs. The Company
has played a leading
role in this area since
1993. Recent statistics
indicate that the number
of Kuwaitis under the
contracts amounted to
about 1,361 Kuwaitis,
including technical and
administrative jobs.
With the significant
expansion in the
Company's activities
and signing more major
contracts, this figure is
expected to be doubled.
KOC Commercial
Support Group Manager
Ibrahim Faraj thanked the
audience for attending
and said that he hoped
the 5th Town Hall Meeting
& Exhibition Between KOC
and Contractors would
prove to be a beneficial
event for all involved.
Over the course of the
exhibition, a number
of KOC employees
delivered presentations
on the sidelines of the
main exhibition. Topics
included a presentation
on Bidder Assessment
Solutions by KOC’s Well
Surveillance Group,
Lessons Learnt from
Recent Incidents by KOC’s
HSE Group, and KOC
Endeavors to Improve
Contract Strategies by
KOC’s Commercial
Support Group.
Senior KOC officials receive a tour of the exhibition.
April - June 2013 9