Skip to content Skip to Search
Skip navigation

UK’s Petrofac bags services contracts for Oman gas field

The centre will accelerate the Gulf state’s transition to renewable energy Petrofac
The three newly awarded contracts will be delivered in-country utilising Petrofac’s engineering and project execution office in Muscat

UK’s engineering and construction major Petrofac has been selected by Shell to undertake new engineering and procurement services (EPS) in Oman, the company said in a statement.

The first is a five-year EPS contract for Shell’s Block-10 Mabrouk phase 2 project in the Al Wusta Governate, around 400 km from Muscat.

The contract was awarded following a competitive tender. The scope includes well-pads for multiple wells, remote manifold stations, connecting pipelines, water infrastructure for well development and a field operations base. 

Two further contracts, to provide residual engineering and procurement services to complete Phase-1B of the Block-10 development, were secured under Petrofac’s global enterprise framework agreement with Shell.

Elie Lahoud, chief operating officer of Petrofac’s engineering and construction business, said that the company has been operating in Oman for over 30 years, delivering more than 15 major projects and $3.7 billion of in-country value during that time.

The three newly awarded contracts will be delivered in-country utilising Petrofac’s multi-discipline engineering and project execution office in Muscat.

Petrofac has been supporting Oman’s energy industries since 1988 to design, build, operate, and maintain facilities, as well as developing local workforce competence and generating in-country value.

Shell Integrated Gas Oman BV, a subsidiary of Shell plc, along with its partners, OQ and Marsa Liquefied Natural Gas, signed a concession agreement to develop and produce natural gas from Block 10 in December 2021.

Shell became the field operator at the signing, the statement said.

Latest articles

Accessories, Bag, Handbag

Saudi Arabia’s food factory count rises to 1,300

The total number of food factories operated by the Saudi Authority for Industrial Cities and Technology Zones (Modon) has reached 1,300, across 36 cities. The increase signifies the growing capacity of the domestic food industry and its localisation efforts, the state-run Saudi Press Agency reported. Food industry companies have recorded a growth rate of more […]

Garden, Nature, Outdoors

UAE commits $50m to support critical projects

The UAE has committed $50 million to the second phase of the Lives and Livelihoods Fund 2.0 (LLF 2.0), a multi-donor development initiative targeting sustainable economic development in the Islamic Development Bank’s (ISDB) 57 member countries. The funding will be deployed by LLF 2.0 to support critical projects in health and infectious diseases, agriculture, and social infrastructure in […]

Money, Dollar, Person

Abu Dhabi launches $5bn bond issue after 3 years

Abu Dhabi has initiated $5 billion in three-tranche bond issue after a hiatus of three years, according to a media report said. The $1.75 billion five-year bond, 1.5 billion 10-year tranche and $1.75 billion 30-year issue was priced at 35, 45 and 90 basis points, respectively, over US Treasuries, fixed income news service IFR reported. Abu […]

A square in Cairo

‘Worst is behind us’ in Egypt’s black market dollar war says BMI

The Egyptian government’s priority for 2024 should be to keep the gap between the official and parallel exchange rates for Egypt’s pound and the US dollar as narrow as possible, says BMI Research. In a webinar on Tuesday BMI, a Fitch Group firm specialised in country risk, said that “the worst is behind us” in […]