Contractors to bid on Oman oil storage project
Giant facility is being developed by Oman Tank Terminal Company
International energy infrastructure contractors have been invited to register their interest in bidding for a lucrative contract to construct a giant crude oil storage terminal at Ras Markaz on Oman's Wusta coast, the Oman Daily Observer reports.
The facility is being developed by Oman Tank Terminal Company (OTTCO), a joint venture between Oman Oil Company (90%) and its downstream investment subsidiary, Takamul Investment Company (10%).
OTTCO announced the start of a tender process leading to the award of a contract for the Detailed Engineering Design, Procurement, Construction, Pre-Commissioning and Commissioning.
The contract will be awarded on a lump sum basis.
The Ras Markaz Crude Oil Park will be built on an area of around 1,600 hectares, and located 70 kilometres south of the Duqm Special Economic Zone.
During its first production phase, it will have a capacity of 25mn barrels, although this could be increased to around 200mn by the time the facility is completely finished, the report said.
Qualified international firms have until June 29, 2015 to register their interest in bidding for the crude oil terminal construction package.
UK firm Amec Foster Wheeler is carrying out the front-end engineering design on the project.