ADNOC Gas Awards $550 Million EPC Contracts for ESTIDAMA Project

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ADNOC Gas plc has announced the award of engineering, procurement & construction (EPC) contracts for the next phase of the UAE sales gas pipeline network enhancement ESTIDAMA Project (“ESTIDAMA”). Separately, ownership of ESTIDAMA is being transferred from ADNOC Gas to ADNOC (“ADNOC”), thereby significantly optimizing ADNOC Gas’ capital efficiency.

The EPC contracts are worth a combined $550 million (AED2 billion) and were awarded to NMDC Energy P.J.S.C and Galfar Engineering & Contracting W.L.L Emirates. Approximately 70% of the contracts’ value is expected to flow back into the UAE economy through ADNOC’s In-Country Value (ICV) program, supporting local economic growth and diversification.

ESTIDAMA will extend the UAE’s natural gas pipeline network operated by ADNOC Gas from approximately 3,200 kilometers to over 3,500 kilometers, enabling the transportation of higher volumes of natural gas to customers in the Northern Emirates of the UAE. Following the ownership transfer, ADNOC Gas will continue to manage ESTIDAMA, leveraging its expertise in construction and pipeline operations, with ADNOC covering the capital expenditures for this critical infrastructure project.

Dr. Ahmed Alebri, Chief Executive Officer of ADNOC Gas, said: “This award supports the ongoing expansion of the UAE’s gas pipeline network, which will bring lower-cost and sustainable natural gas to more locations across the country. We are proud to play a leading role in meeting the growing demand for gas across the country and enabling the UAE’s goal of gas self-sufficiency. With the transfer of ownership of the ESTIDAMA Project to ADNOC, ADNOC Gas will continue to benefit from the expansion of the pipeline networks, while improving our capital efficiency to ensure that we maximize value for our shareholders.”

ADNOC Gas will continue to expand its domestic business through ESTIDAMA, paying ADNOC a variable transmission fee for actual throughput of the pipeline. ADNOC Gas will be paid to operate and maintain ESTIDAMA on behalf of ADNOC.

Source: ADNOC Gas

Galfar bags OMR 40 million contract from OQ

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Galfar Engineering and Contracting has signed contract worth OMR 40 million with OQ Group for an EPC project, the company said in a statement on Sunday.

“The estimated value of this contract which is signed 9/9/2021 is approximately OMR 40 million with execution time of around 42 months including maintenance period,” Dr. Hamoud Rashid Al Tobi, the Chief Executive Officer of Galfar said.

“It is expected that this contract will contribute to the Company revenues and further strengthen our presence in Oil and Gas and high capacity pipeline projects,” Al Tobi said.

“We take this opportunity to express our appreciation to the OQ Group for the confidence vested on Galfar through award of this critical contract,” the statement added.

Source: The Arabian Stories

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China Petroleum Pipeline Engineering picks Galfar for Ras Markaz $16.4m contract

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Omani construction contractor Galfar Engineering & Contracting said it had been awarded a civil and concrete works contract for Phase 1 of Ras Markaz Crude Oil Park by China Petroleum Pipeline Engineering Company. 

The contractor told Muscat Securities Market, where it is listed, that the contract was valued at $16.4m (OMR6.3m) and would be completed in 12 months. 

Undersigned by chief executive officer, Dr Hans Erlings, Galfar’s statement said the company expected “reasonable income” from the contract. 

Source: www.galfar.com

duqm-refinery

Galfar wins $60m Saipem contract for Oman’s $7bn Duqm Refinery

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Galfar Engineering & Contracting has been awarded a subcontract worth $59.9m (OMR23m) by Italy’s Saipem to work on Oman’s $7bn (OMR2.69bn) Duqm Refinery, which is being developed through a partnership between Oman Oil Co and Kuwait Petroleum International.

Galfar has been picked to deliver mechanical, electrical, instrumentation, and piping fabrication works for Sub-Packages A and C.

The clusters are part of the Duqm Refinery Package 3 – Offsite Facilities scheme that Saipem’s Oman branch is working on.

In a statement undersigned by chief executive officer Dr Hans Erlings, Galfar said the contract is scheduled for completion by 27 November 2020, adding that it expected “reasonable income” from the deal.

Source: http://bit.ly/2mDuRaz