Special Report: Oil & Gas Middle East presents the Top 30 EPC Contractors 6-10

Oil & Gas Middle East reveals the firms that have been redefining energy projects in the region

Engineering, EPC, Gas, Lists, Oil, Procurement, Top, Upstream, SPECIAL REPORTS, Top 10..., Top EPC Contractors
Engineering, EPC, Gas, Lists, Oil, Procurement, Top, Upstream, SPECIAL REPORTS, Top 10..., Top EPC Contractors
Engineering, EPC, Gas, Lists, Oil, Procurement, Top, Upstream, SPECIAL REPORTS, Top 10..., Top EPC Contractors
Engineering, EPC, Gas, Lists, Oil, Procurement, Top, Upstream, SPECIAL REPORTS, Top 10..., Top EPC Contractors
Engineering, EPC, Gas, Lists, Oil, Procurement, Top, Upstream, SPECIAL REPORTS, Top 10..., Top EPC Contractors

6. Saipem

Milan based Saipem has a presence in 66 countries around the world and a backlog pushing $15bn, so its sheer scale is going to keep it at the business end of any EPC power list. The firm’s most eye-catching upstream deal in the past year has to be its offshore contract variations worth $900mn for engineering, procurement, construction and installation (EPCI) activities in relation to the optimised ramp up phase of the supergiant Zohr Field Development Project situated in the Mediterranean Sea off the Egyptian coast. The firm has also secured major downstream contracts in Oman and Kuwait.

7. NPCC

Abu Dhabi’s National Petroleum Construction Company is the first locally based firm in our list. It certainly has a tempting local market to tap into and it has had a long-standing relationship with the Abu Dhabi National Oil Company but the NPCC has cast its net widely and in January it pocketed a $327mn EPC deal from India’s ONGC for five well platforms and a pipeline at the offshore Ratna oilfield. NPCC also has current projects with Saudi Aramco but sees the kingdom as key to its expansion drive and plans to build a fabrication yard in the country.

8. WorleyParsons

Familiar global player WorleyParsons has been active across upstream and downstream sectors in the region. Recently, the Australian outfit snared a five-year EPC deal from BP Oman, in a joint venture with Special Technical Services, for modification and sustaining capital works at the Khazzan gas facility in Oman. But a cornerstone of its Middle Eastern activities is its on-going engineering services deal with Saudi Aramco. In 2017 the firm was awarded project management and FEED services for the offshore oil and gas facilities portion and the onshore upstream and downstream pipelines portion of Aramco’s Marjan Oil Field Development Programme.

9. KBR

This former Halliburton subsidiary is one of our big movers and has been prominent in the region. Last summer, Occidental Abu Dhabi on behalf of ADNOC awarded KBR a PMC deal for the management of the FEED phase of the Dalma gas field development and the detailed design and surveys phase of the Hail and Ghasha Islands project. Our new addition to the top ten has also just won an engineering, procurement, construction and management contract from the Basra Oil Company regarding Iraq’s Majnoon oilfield and has also secured a FEED and project management agreement from Oman LNG.

10. TechnipFMC

The result of yet another merger in the EPC segment, TechnipFMC is a big gun eyeing up global deals. Revenues of $15bn last year and a backlog not too far behind prove that but the past 12 months have been pretty quiet in terms of upstream EPC deals in the Middle East. The UK based firm did secure a FEED contract from ADNOC for the offshore Dalma sour gas project, a key component of the oil major’s wide-ranging 2030 strategy, but the main headlines were reserved for its $4.2bn downstream deal in Bahrain for the expansion of the Sitra refinery.

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Oil & Gas Middle East - September 2020

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