Oil&Gas Middle East
elcome to the 2010
Oil & Gas Middle East
Top 25 EPC Contrac-tors special edition in association with
The Middle East has been touted by thecollective international upstream industry as one of the principal reasons they havemanaged to stay in the black throughout one of the worst downturns in modernhistory. When every other major heavy industry suffered, EPC contractors – typi-cally quiet during tight spots – collectively managed to book over $65 billion worth of work from 2009 through to today.Some projects stalled, and costs werereviewed, but in spite of some serious chal-lenges, both economically and technically,the region has played host to some of thebiggest tenders, most ambitious projectsand the best prospects anywhere in the oiland gas world. This special edition has been compiledby the Energy Team editorial staff at ITPBusiness Publishing, combining the effortsof upstream and downstream specialistsand the ranking has caused lively debate, which we fully expect to continue on our message board at
Picking the best performers has beenan enjoyable task and we could not havedelivered this product without the coopera-tion of the international and regional EPCcontractors who have proved forthcoming with their banked figures and strategies for the year ahead.Rather than rank companies simply onthe orderbook value at year-end, or fromfinancial disclosures, we have chosen to weigh performers on the basis of how significant their contribution to the region’supstream vision has been, and what their performance trajectory is going forward.For EPC firms whose influence in theregion is in the ascendancy, or for compa-
Capping it at 25 was the hard part
Ranking is a tough job, but someone’s got to do it. Find out how we made the list here
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Qatar (pictured) and Abu Dhabi have played host to the biggest EPC success stories over the last year.
nies we tip to be ones to watch in the yearsahead, you can expect a higher placing thanregional stalwarts who may be resting onthe laurels of past successes. The same logic has applied for regionalcompanies which have managed to grow their orderbook by swallowing up moreof the work that would have been farmedout internationally five years ago. There isno doubt, as you will see from the projectsbeing taken on and delivered by localcompanies and their JV partners that theregion has much to offer in terms of homegrown talent, and we are confident our rank-ings reflect this. The profiles included in print here are thetip of the iceberg in terms of the phenom-enal participation we received from the best EPC companies in the region, so keep aneye on the website for fuller profiles, exclu-sive management interviews and project galleries. And most of all, enjoy this edition,it’s 12 months until the next instalment.
Daniel Canty, Editor
Group Editor, Energy Titles