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RPME: 2016 Top 30 EPC Contractors: 01-10by Arabian Oil & Gas Staff on May 10, 2016
It seems that no crisis is big enough to challenge UK oilfield giant Petrofac. Bucking the global trend of low annual profits and slow business growth, the company posted revenue of $6.8bn in 2015, while its group backlog jumped 10% to record year-end levels of $20.7bn.
Some of its top contract wins for the past 12 months include a $1.7bn share of a joint venture $3.7bn EPC contract for the Kuwait National Petroleum Company (KNPC) Clean Fuels Project with Samsung and CB&I, followed by a $1.2bn lump-sum engineering, procurement and construction work with BP for the In Salah gas development in Algeria.
In addition, it signed a $2.1bn deal with Orpic to upgrade existing and new units in the Sohar Industrial Area as well as $4bn heavy oil project in consortium with CCC for Kuwait Oil Company’s Lower Fars heavy oil development programme.
And as if those weren’t enough, the UK EPC giant managed to bag one of the region’s most highly contested contracts at Saudi Aramco’s Fadhili gas programme. Fadhili is a greenfield development located 30km west of the city of Jubail in the eastern province of Saudi Arabia.
When completed, the gas plant will have a capacity for around 2,500 mmscfd and will process sour gas from the Khursaniyah oil field and the Hasbah non-associated gas field.
Petrofac’s scope of work includes the construction of six sulphur recovery trains with associated facilities for the sulphur and heavy duty oil handling, loading, unloading and storage. Other on-site facilities include sour water stripper, flare system and waste water treatment plant.
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