Fluor Corp seeks more offshore contracts in GCC
Engineering firm believes that there are offshore opportunities in Saudi Arabia, UAE and Qatar
International engineering firm Fluor Corp is seeking to secure more contracts in the GCC countries of Saudi Arabia, the UAE and Qatar, as it expects growing offshore oil and gas activities in the coming years.
Speaking to Reuters, Jose Bustamante, the senior vice president for Fluor’s Energy and Chemicals Group in the Middle East, said the majority of oil production in Saudi Arabia comes from onshore oilfields, but several offshore fields such as the giant Manifa field in the Kingdom are in the works.
“We do see a trend to more offshore opportunities and see a number of offshore opportunities in Saudi Arabia, UAE and Qatar,”Bustamante told the news service.
The company is eyeing a long-term offshore engineering services contract that Saudi Aramco is expected to retender, as part of a plan to maintain potential production capacity in oil and gas fields.
The contract, currently being executed by Worley Parsons, is due to expire in 2014.
