Top 30 EPC Contractors 2019

Top 30 EPC Contractors 2019

The oil and gas sector has seen some drastic changes in the past year, and so have engineering, procurement and construction (EPC) contractors followed suit to cater to an ever-changing industry. As the region’s national oil companies have moved to integrate vertically and boost their downstream portfolios, so, too have EPC contractors.

Last year’s issue featuring the 2018 edition of this list also featured an interview with McDermott CEO David Dickson, who talked about the firm’s then-recent merger with CB&I. Another example, WorleyParsons acquired Jacobs Engineering’s energy, chemicals and resources division earlier this year.

EPC contractors are shifting to adapt to an environment that requires they be more ambitious, and more versatile, while maintaining financial discipline to suit the changing needs of the region’s oil and gas companies.

Some of the region’s major deals this year have been in the downstream segment, but upstream has seen an incredible amount of traction as well, with giants like Saudi Aramco looking to invest billions of dollars into redeveloping ageing assets. Its Long-Term Agreement programme has kept some EPC companies busy and their project pipelines full.

There are some surprise movers among the list, but the top tier has kept many familiar faces among its ranks, all of whom will be recognisable from headlines announcing their major wins in the past year. Those that rose up have generally seen more activity or investment in the region.

As the oil price has been relatively stabile in 2019, the editorial team of Oil & Gas Middle East looks forward to the contributions that EPC contractors will make in the coming year to build up the upstream sector. For now, join us in the coming pages for a ride through the best in the upstream EPC sector this year.

Methodology: When formulating this ranking, the Oil & Gas Middle East editorial team took into account financial reports, current and planned projects as well as CSR initiatives and the company’s overall presence in the region, and future potential, to differing extents.

1 - 10

Larsen & Toubro Hydrocarbon Engineering
1

Larsen & Toubro Hydrocarbon Engineering

Petrofac
2

Petrofac

McDermott
3

McDermott

Wood
4

Wood

SNC-Lavalin
5

SNC-Lavalin

National Petroleum Construction Company
6

National Petroleum Construction Company

Saipem
7

Saipem

WorleyParsons
8

WorleyParsons

TechnipFMC
9

TechnipFMC

Galfar Engineering & Contracting
10

Galfar Engineering & Contracting

11 - 20

KBR
11

KBR

Tecnicas Reunidas
12

Tecnicas Reunidas

Lamprell
13

Lamprell

JGC Corporation
14

JGC Corporation

Consolidated Contractors
15

Consolidated Contractors

Subsea 7
16

Subsea 7

Bechtel
17

Bechtel

CPECC
18

CPECC

Oil Industries Engineering & Construction
19

Oil Industries Engineering & Construction

Dodsal Group
20

Dodsal Group

21 - 30

Mott Macdonald
21

Mott Macdonald

Hyundai E&C
22

Hyundai E&C

Punj Lloyd
23

Punj Lloyd

Fluor Corporation
24

Fluor Corporation

Samsung Engineering
25

Samsung Engineering

Seeh Al Sarya Engineering
26

Seeh Al Sarya Engineering

MMEC Mannesmann
27

MMEC Mannesmann

Bonatti Group
28

Bonatti Group

SK Engineering & Construction
29

SK Engineering & Construction

Target Engineering
30

Target Engineering