Petrofac named top EPC contractor by MEED

Petrofac has been named a top engineering, procurement and construction (EPC) contractor by MEED (formerly Middle East Economic Digest).

It was tied for first place with Saipem and JGC Corporation in MEED’s annual survey of the value of EPC contract awards in the Middle East and North Africa (MENA) hydrocarbon sector.

Each company was awarded US$1.9 billion of work on oil, gas and petrochemicals projects across the MENA region (excluding Iran and Turkey).

MEED referred to three significant contracts Petrofac has won in 2017:

• A 50/50 joint venture with Samsung Engineering worth approximately US$2 billion with Duqm Refinery and Petrochemical Industries LLC in Oman
• A US$600 million lump-sum EPC contract for the Salalah LPG extraction project in Oman
• A US$1.3 billion lump-sum EPC contract for Kuwait Oil Company’s gathering centre project, GC 32

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