Professional Documents
Culture Documents
http://www.arabianoilandgas.com/article-9063-new-the-years-top-30-ep...
11. Marie Technimont 12. McDermott International 13. GS Engineering & Construction 14. KBR 15. SNC Lavalin Topaz Energy & Marine 17. Al Jaber Energy Services 18. Kentz 19. Lamprell 20. Wood Group PSN 21. Drydocks World 22. MIS 23. Bechtel 24. SK Engineering 25. Petrojet 26. JGC Heavy Industries 29. Black Cat Engineering & Construction 30. Global Industries 1. Petrofac 27. Dealim 28. Doosan
16.
EPC colossus continues regional domination after scooping big ticket Middle East contracts and a $3.4 billion mega-deal in Turkmenistan
Last years table-toppers Petrofac stay at number one in this years Oil & Gas Middle East Top 25 EPC Contractors Special Report on the back of $6 billion of new orders in 2010 in its Engineering & Construction business, including a company-record $3.4 billion EPC contract in the Caspian. Middle East contract wins have continued after a recession-bucking 2009. As part of an interview with Oil & Gas Middle East (see page 24-25), Maroun Semaan, Group COO says the regional powerhouse predicts like-for-like net profit growth in 2011 of at least 15%, despite the EPC contracting environment remaining highly competitive. The firm also won a varied portfolio of work throughout the region this year, with seven major projects now underway. In March, Petrofac bagged a $600 million contract for gas sweetening facilities at Qatar Petroleums Massaieed and Dukhan industrial districts. July and August saw two big wins in Kuwait: a $400 million contract for gas and oil pipelines from Mina Al Ahmadi to the Azzour and Shuaiba power stations, and a $430 million award for effluent water and sea water injection facilities, which will increase recovery in the Raudhatain and Sabriyah oil fields. In Sharjah, Petrofac have been handed the keys to the Sajaa gas plant by the government in a $250 million operations and facility management deal. The banner win for the year came in Turkmenistan, where under a $3.4 billion deal Petrofac will deliver a 10 billion cubic meters
1 of 13
2/3/2012 6:34 PM
http://www.arabianoilandgas.com/article-9063-new-the-years-top-30-ep...
per annum gas processing plant along with the infrastructure and pipelines for the entire development on a lump sum turnkey (lstk) basis at South Yoloten for Turkmengas. When complete, the South Yoloten field is expected to export 20 bcma of gas. Semaan also said the business has been very active in Algeria, which paid off with the award of a $1.2 billion lstk contract to develop southern fields in the In Salah development. Petrofacs entry into Iraq has also been successful. The firm recently announced they beat the pack to win a competitive tender of a $240 million deal from Shell for the development of the southern Majnoon field. In Sharjah, Petrofac was awarded a project by the Government of Sharjah to take over the O&M of the Sajaa gas plant in a $250 million deal. 2. Samsung Engineering
Saipem raked in $5 billion worth of KSA project work in 2010, as well as winning key partner status in the Shah Field Development in Abu Dhbai
40 000-strong remote and deepwater specialist Saipem had another excellent year in key Middle East markets. In March this year the firm was awarded new E&C Offshore contracts worth in excess of $2.2 billion by Saudi Aramco for work on the giant Al Wasit Gas Program, encompassing the offshore development of the Arabiyah and Hasbah fields 150 kilometres northeast of Jubail industrial city. The developed fields will contain 12 wellhead platforms, 2 tie-in platforms and 1 injection platform.
2 of 13
2/3/2012 6:34 PM
http://www.arabianoilandgas.com/article-9063-new-the-years-top-30-ep...
In December Saipem scooped up two new onshore contracts with a total value in excess of US$1.2 billion in North Kuwait. Kharafi National awarded Saipem the EPC contract for the Early Production Facility Project for the Jurassic field. The contract encompasses the engineering, procurement, construction and commissioning of the Early Production Facilities, which will have an oil and gas treatment capacity of 150.000 barrels per day in this first phase of development, and of the gathering system and pipelines, next to a sulphur granulation plant. 4. NPCC
3 of 13
2/3/2012 6:34 PM
http://www.arabianoilandgas.com/article-9063-new-the-years-top-30-ep...
finished, the Algiers refinery will produce 900,000 more oil than it does today. 6. Mott MacDonald
4 of 13
2/3/2012 6:34 PM
http://www.arabianoilandgas.com/article-9063-new-the-years-top-30-ep...
9. Foster Wheeler
Big in Borouge
The Italian conglomerate added three major projects to its portfolio in 2010. In July it won a contract from the state-backed
5 of 13
2/3/2012 6:34 PM
http://www.arabianoilandgas.com/article-9063-new-the-years-top-30-ep...
Kuwait National Petroleum Company for the construction of a LSTK Acid-Gas Removal Plant for an undisclosed amount. Tecnimont also won two lump-sum turnkey contracts, the first as a $1.65 billion joint venture with Austrian firm Borealis for the construction of the Borouge polyolefin plant for ADNOC, the second being a $400 million construction of a gas refinery at Mina Al-Ahmadi, slated to process up to 230 million cubic feet of gas per day. Marie Technimont continued to construct three polyolefins units under its $1.855 billion Borouge 2 expansion contract. 12. McDermott International
6 of 13
2/3/2012 6:34 PM
http://www.arabianoilandgas.com/article-9063-new-the-years-top-30-ep...
In early 2011KBR bagged FEED and PMS roles at the 400,000 bpd Jazan grassroots refinery in Saudi Arabia. 15. SNC Lavalin
7 of 13
2/3/2012 6:34 PM
http://www.arabianoilandgas.com/article-9063-new-the-years-top-30-ep...
The Abu Dhabi based company clearly proved they could meet the challenges presented, and have now begun work under the EPC contract on a lump-sum turnkey basis, due for completion at the end of 2013. The project is being executed in parallel with the Shah-Habshan Ruwais Etihad Rail project, which will transport granulated sulphur from the Shah and Habshan stations to the Ruwais sulphur export terminal to replace the current transportation of liquid sulphur via trucks to Ruwais, in a bid to improve safety, reliability and reduce environmental cost. 18. Kentz
8 of 13
2/3/2012 6:34 PM
http://www.arabianoilandgas.com/article-9063-new-the-years-top-30-ep...
for the supply of EPC services to support the execution of onshore and offshore oil & gas projects within the Kingdom. In December 2010 Petroleum Development Oman awarded Wood Groups CCC joint venture an $800 million, seven-year engineering and maintenance services contract throughout the country. In a strategic move, the firm previously sold its well support services arm to GE. 21. Drydocks World
Working on backlog
The third-largest privately-owned company in the USA moves down our rankings as upstream awards proved hard to come by in 2010-2011. Despite this, Bechtel remains an EPC powerhouse with an impressive regional backlog, reporting $30.8 billion in revenue in 2010 and total new orders booked globally of $21.3 billion. Bechtel has worked on various projects across the MIddle East for all the major NOCs. The firm completed its three major gas
9 of 13
2/3/2012 6:34 PM
http://www.arabianoilandgas.com/article-9063-new-the-years-top-30-ep...
processing projects in the region last year at Kursaniyah, KSA and the Hadshan and Asab plants in Abu Dhabi. Bechtel is the project manager of the massive Borouge 3 petrochemical expansion project in Abu Dhabi. It will also work on the region's first nuclear power plant. 24. SK Engineering
10 of 13
2/3/2012 6:34 PM
http://www.arabianoilandgas.com/article-9063-new-the-years-top-30-ep...
facilities for the Barzan Onshore Project in Ras Laffan, Qatar. JGC also recently won a $213 million deal from the Sonatrach, BP, Statoil Association for the optimisation of the In Ain Amenas gas production. The scope of work comprises the construction of two compression lines with a capacity of 29.7 million m3 per day. JGC CEO and President saw net profit for 2010 of $1 billion on revenues of $5.53 billion, an increase from $0.74 billion and $5.12 billion respectively. 27. Daelim
Competing in Kuwait
Daelim is another South Korean contractor breaking into our roster this year on the back of strong performance by their core Engineering & Construction and Petrochemical divisions. The 72 year old firm has boosted staff numbers from 4,800 to c.6,000 in the last two years, with services covering gas, petroleum refining, chemical and petrochemical, power and energy plants, building and housing, civil works, and industrial facilities. The firm is also developing its value-added products business. Daelim is South Koreas fifth-largest EPC contractor, and its increasing profile is the result of several major contract wins in 2010, including two out of the seven contracts awarded by Saudi Aramco for the 400,000 barrel per day Yanbu Export Refinery. Daelim are to build a gasoline unit and a hydrocracker at the mammoth plant for an undisclosed amount. In September 2010 Daelim finally signed a long-awaited $893 million EPC contract with Kuwait National Petroleum Company for the LPG TRAIN-4 Gas Pipeline Project at the Mina Al Ahmadi refinery complex south of Kuwait City. In addition to the 850 million cubic feet per day gas pipeline, Daelim will build gas plants which are able to produce ethane, propane and butane by treating about 805 MMSCFD gases and 106.3 MBPD condensates. The Seoul-based company has not always got its way, losing out in January 2010 to Taiwanese firm CTCI for a major amines plant for Saudi Kayan Petrochemical Co. This was despite being the favorite to win the contract, having won the associated low density polyethylene project at the same site. Nevertheless Daelim goes from strength to strength in the GCC. 28. Doosan Heavy Industries
11 of 13
2/3/2012 6:34 PM
http://www.arabianoilandgas.com/article-9063-new-the-years-top-30-ep...
South Korean consortium with Korea Electric Power Corp. (KEPCO) to supply the main facilities of nuclear power plants to be built in the United Arab Emirates. Ras Az Zawr seawater desalination project to be executed in. Saudi . The project is worth US$ 1.46 billion, making it the largest desalination project in size in the world. So while Doosan has been quiet on the upstream side last year, their next project is likely to be a blockbuster. 29. Black Cat Engineering & Construction
12 of 13
2/3/2012 6:34 PM
http://www.arabianoilandgas.com/article-9063-new-the-years-top-30-ep...
unique vessel. This project award also represents a significant step for Global as we work to position ourselves as a significant player in the Middle East, a crucial oil and gas market. We look forward to working for Dubai Petroleum on this project and many more in the future.
2012 ITP Business Publishing Ltd. | Use of this site content constitutes acceptance of our User Policy, Privacy Policy and Terms & Conditions.
13 of 13
2/3/2012 6:34 PM