OGME 2016 Top 30 EPC Contractors
Oil & Gas Middle East presents its annual list of the leading local and global EPC contractor companies.
Welcome to Oil & Gas Middle East’s annual list of the 30 prominent EPC contractors.
It is never an easy task to judge and rank the numerous local and global contracting companies serving the MENA region’s vast oil and gas industry, especially when the nature of projects, and the engineering required to deliver them, are so varied.
Nonetheless, we have shortlisted 30 companies – out of nearly double that number of players operating in the sector – based on their pioneering work and involvement in major upstream projects.
The yardstick for comparing organisations has been kept simple, using the volume and value of contract wins in 2015 and so far in 2016, coupled with the latest available financial results, as the two touchstones.
We sincerely hope we have done justice in bestowing the deserved rankings to the featured companies and, of course, we welcome your feedback, whether you agree with the standings or not.
I consider it my duty to commend all the EPC contractor firms involved in the regional oil and gas industry, especially the local entities, for their resilience in not just surviving the blows of rock-bottoming oil prices in the last 12 months, but also displaying an overwhelming determination to perform A-grade engineering jobs, and in bidding for – and eventually winning – the far fewer contracts that are now on offer. Hats off to these companies!
Patience is a virtue and good tidings are on their way, however. As crude oil prices crawl back up – missing the $50 a barrel mark by cents every now and then – and as the NOCs and IOCs learn to adjust to this subdued oil price era, more and more EPC project contracts are expected to be awarded in the coming months.
As the saying goes, ‘where there is a will, there is a way’.