Oil & Gas Middle East Top 30 EPC 2017: 16-20
An annual list of the key EPC companies that have been redefining energy projects in the MENA region
Japanese engineering company JGC Corporation has significantly raised its profile in the MENA region after its contract win from Algerian NOC Sonatrach in Q4 last year. Sonatrach had awarded JGC a $1.4bn-worth contract to boost production at its largest gas field in Hassi Rmel. It was the second contract for JGC in Algeria in 2016, the first one being a deal for boosting output at the North African country’s biggest oilfield Hassi Messaoud, awarded in March for $339mn. Additionally, JGC has won an EPC project from the Bahrain National Gas Expansion Company (BNGEC), worth $98.7mn, as part of which the latter is to assist BNGEC in its effort to construct an additional storage and pipeline facility.
Lamprell, a provider of engineering and contracting services to the energy industry, has been consolidating its position in the Abu Dhabi market, on the back of its key contract with the National Drilling Company (NDC), a subsidiary of ADNOC. Lamprell has said it has concluded construction on NDC’s final jackup drilling rig in a series of nine. Al Lulu’s delivery to NDC has been completed within budget and as scheduled, according to a company statement. The contract for NDC’s Al Lulu rig was awarded in April 2015, one of only three rig orders awarded that year. All nine rigs have been designed according to the Cameron LeTourneau Super 116E (enhanced) class design and were completed to the highest standards of quality using the latest in drilling system technology.
The EPC contract that has cemented Greece-based Consolidated Contractors Company’s (CCC) standing in the Middle East oil and gas market, has been the $4bn-worth deal it won along with Petrofac from the Kuwait Oil Company for the Lowers Fars heavy oil development. CCC is expected to work on a number of regional oil and gas projects. “We are expecting projects with Saudi Aramco,” Samer Khoury, president for engineering and construction at CCC, had told Construction Week in an exclusive interview. “There are many projects we are waiting for in Qatar. We have a project coming up for the Abu Dhabi Company for Onshore Oil Operations. Outside the region, we are expecting an LNG plant in Mozambique.”
19. Daewoo E&C
South Korean construction company Daewoo Engineering & Construction’s (E&C) prospects, especially in the oi land gas segment, have brightened ever since word came out in the first quarter of this year that the Saudi government has shown interest to buyout the contractor. State-lender Korea Development Bank (KDB) plans to privatise the builder by the end of the year, according to a local media report. Senior Saudi government officials visited Seoul earlier this year and were briefed on the outlook of the company, which has traditionally had strong operations in the Middle East. Saudi officials are reportedly considering various means to make the acquisition.
The China Petroleum Engineering and Construction Corporation (CPECC) has already made a considerable inroad into the MENA oil and gas EPC territory, having won a contract worth over $410mn in Q4 2016 from Algerian giant Sonatrach, for the restoration of Sidi R’zine Refinery in Baraki near Algiers. However, it is believed that this is only one of the initial successes of many more to follow in the region. CPEEC’s parent company, the China National Petroleum Corporation (CNPC) has this year won a key 8% stake in Abu Dhabi’s ADCO concession, which implies that CPEEC is well-positioned to bag key EPC project work in Abu Dhabi and the wider region in the near future.