Expansion estimated to cost between $1.5bn and $1.8bn, contract to be awarded by Q1 2013
Oman’s oil and gas ministry has shortlisted nine engineering firms for an estimated $1.2bn contract to undertake the expansion of the country’s flagship refinery at Sohar.
The project is part of a plan to add 60,000 barrels per day to the refinery’s current capacity of about 116,000 bpd.
Short-listed bidders include South Korea’s Hyundai Engineering and GS Engineering , India’s Larsen & Toubro, France’s Technip , Spain’s Tecnicas Reunidas, Japan’s JGC Corp , UK-based Petrofac and a joint venture between Japan’s Chiyoda and South Korea’s Samsung Engineering, ministry officials said.
The expansion, estimated to cost between $1.5bn and $1.8bn, is being overseen by Oman Oil Refineries and Petroleum Industries Company (ORPIC), a wholly government-owned integrated refining and petrochemicals entity.
The contract is expected to be awarded in the first quarter of 2013, with the winning bidder expected to complete the project within 18 months.