Kuwait Oil Company (KOC) said it has awarded 129 contracts worth about KD2.2 billion ($7.2 billion) during the first half of 2026 as it stepped up investments to expand oil production capacity, strengthen drilling and exploration activities as well as modernise oilfield infrastructure.

The contracts cover drilling and well maintenance, flowline construction, cementing and testing services, infrastructure projects, technical consultancy, cybersecurity, medical services and operational support, supporting Kuwait's long-term strategy to increase crude production capacity, reported the Times of Kuwait.

KOC's biggest month was February, when it awarded 20 contracts worth almost KD650 million, led by the KD466.6 million integrated Mutriba project, as well as water injection network developments in northern Kuwait and pipeline infrastructure works.

The company awarded 27 contracts worth about KD250 million in March, mainly to support drilling and production operations. In April, it signed 20 contracts worth around KD500 million, covering health insurance, flowline construction and cementing services.

In May, KOC awarded a further 29 contracts valued at nearly KD300 million, including KD195.7 million of flowline construction packages, together with drilling equipment and consultancy contracts.

During June, the company signed 20 contracts valued at about KD320 million. Of these, the major ones included the Wadi Al Ahmadi Innovation Research Center project worth KD118 million, electric submersible pump systems worth KD45.6 million and rock drill bit supply contracts worth KD20.9 million, stated the report.

The latest contracts highlight KOC’s continued investment in oilfield modernization, technological development, and infrastructure upgrades to support Kuwait’s energy sector and future production targets, it added.