Oil & Gas Contractor Awards hits US$31.06 Bn in the GCC energy sector

Oil & Gas Contractor Awards hits US$31.06 Bn in the GCC energy sector

According to Ventures Onsite Report, the second half of 2017 witnessed contractor awards worth US$31.06 Bn. (as of 15 December) in the GCC Oil & Gas sector.

Notable awards in the second half included:
  • Duqm Refinery & Petrochemical Complex – EPC Package 1 – Main Process Plant
  • Duqm Refinery & Petrochemical Complex – EPC Package 2 – Offsites & Utilities
  • Bab Integrated Facilities Expansion
  • Development of Mandous Field
  • Hawiyah Gas Plant Expansion
  • North Haradh Gas Compression Plants (N-GCP) – Package 1 among others with the latest being
  • US$4.2 Bn. BAPCO Modernization Program (BMP) – Refinery Units.
The contracts awarded in the 1st half of 2017 were only US$8.16 Bn. The year looks well settled to hit the highest value of contractor awards since 2015 for the GCC Oil & Gas sector.

Below is the value of contracts awarded in the GCC Oil & Gas sector since 2010:Note:

*December value as of 15 Dec 2017 only

Top 10 Oil & Gas Contractors in GCC for 2017

By value of projects awarded in the GCC from 1 Jan till 15 Dec 2017

No. Company Country where projects were awards
1 Tecnicas Reunidas (TR) Oman, KSA, Bahrain
2 Saipem S.p.A. Oman, KSA, Kuwait
3 Petrofac Limited Oman, Kuwait
4 Daewoo Engineering & Construction Company Limited Oman
5 Samsung Engineering Company Oman, Bahrain
6 China Petroleum Engineering Construction Corporation (CPECC) UAE
7 SK Engineering and Construction, South Korea UAE
8 Technip, France Bahrain
9 Rotary Engineering UAE
10 McDermott International KSA
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