Top 20 EPC
Revealed: 2013's top 20 EPC contractors
14/10/13 12:00 PM
Revealed: 2013's top 20 EPC contractors
Arabian Oil & Gas Staff , July 17th, 2013
1 Petrofac
US$12 billion project backlog and constant award momentum sees regional dominance continue for irrepressible EPC giant
Despite E&P spending reviews across much of the GCC energy business, one firm has continued to outstrip the competition to once again top the Oil & Gas Middle
East Top EPC Contractors Annual List.
In the period between June 2012 and May 2013 alone, Petrofac won US$7.15 billion worth of regional projects, and in the weeks running up to the Top EPC List’s publication, the firm trounced the pack with a further major wins in Oman and Abu Dhabi.
Large contract awards have continued for the EPC powerhouse. In April of this year the company announced Petrofac Emirates, its Joint Venture with Mubadala Petroleum, has been awarded a contract by Zakum Development Company (ZADCO) for the
Upper Zakum, That partnership has proved a canny bit of business for the international player, seeing the firm continue to gain market share on the lucrative and highly profitable UAE upstream market.
The UZ750 contract is worth approximately US$3.7 billion and has been secured by Petrofac Emirates in consortium with Daewoo
Shipbuilding & Marine Engineering Co Ltd (DSME). Petrofac Emirates’ share of the contract is valued at US$2.9 billion.
Even more recently, in June, Petrofac added to its global operations and maintenance portfolio with the announcement of a new agreement, worth US$50 million, with Oman Oil Company Exploration and Production LLC (OOCEP).
The contract, for an initial period of three years, will see Petrofac deliver operations and maintenance at two new production facilities on behalf of OOCEP, the upstream subsidiary of Oman Oil Company, the national oil company of Oman.
These projects are OOCEP’s new Musandam Gas Plant in Bukha, Musandam, which comprises an onshore plant and
14/10/13 12:00 PM
Revealed: 2013's top 20 EPC contractors
Arabian Oil & Gas Staff , July 17th, 2013
1 Petrofac
US$12 billion project backlog and constant award momentum sees regional dominance continue for irrepressible EPC giant
Despite E&P spending reviews across much of the GCC energy business, one firm has continued to outstrip the competition to once again top the Oil & Gas Middle
East Top EPC Contractors Annual List.
In the period between June 2012 and May 2013 alone, Petrofac won US$7.15 billion worth of regional projects, and in the weeks running up to the Top EPC List’s publication, the firm trounced the pack with a further major wins in Oman and Abu Dhabi.
Large contract awards have continued for the EPC powerhouse. In April of this year the company announced Petrofac Emirates, its Joint Venture with Mubadala Petroleum, has been awarded a contract by Zakum Development Company (ZADCO) for the
Upper Zakum, That partnership has proved a canny bit of business for the international player, seeing the firm continue to gain market share on the lucrative and highly profitable UAE upstream market.
The UZ750 contract is worth approximately US$3.7 billion and has been secured by Petrofac Emirates in consortium with Daewoo
Shipbuilding & Marine Engineering Co Ltd (DSME). Petrofac Emirates’ share of the contract is valued at US$2.9 billion.
Even more recently, in June, Petrofac added to its global operations and maintenance portfolio with the announcement of a new agreement, worth US$50 million, with Oman Oil Company Exploration and Production LLC (OOCEP).
The contract, for an initial period of three years, will see Petrofac deliver operations and maintenance at two new production facilities on behalf of OOCEP, the upstream subsidiary of Oman Oil Company, the national oil company of Oman.
These projects are OOCEP’s new Musandam Gas Plant in Bukha, Musandam, which comprises an onshore plant and