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Middle East news Regional update
Hopefully, we are now getting closer to the return of physical events across the region as restrictions gradually begin to ease. However, with safety remaining paramount Ryan M cPhers on we will only proceed when safe to do so and will continue to keep all our members informed as this develops.
Regional news
Petrofac clinches deals worth £220m in Oman
Petrofac has won two contracts worth a total of £220m through Petroleum Development Oman (PDO). The first is a direct EPC contract for PDO’s Marmul Main Production Station (MMPS) gas compression project. Located in Marmul in the south of Oman, the purpose of the new facility is to eliminate permanent flaring and manage associated gas. The work includes gas recovery and booster compressors, gas sweetening, dehydration and other units, utility systems and modification of existing facilities.
The energy transition dialogue continues to dominate proceedings where we are proud to be part of the journey while ensuring that all support is provided to our members in the oil and gas sector. I feel that it is important that we do not make this a binary choice and remember that this sector still has a critical role to play not just in the current energy mix but in the transferable skills, knowledge and standard operating procedures (SOPs) that will be required in order to make this ‘transition’ as efficient and effective as possible.
© Petrofac Limited
In the interim we will continue with our series of virtual events with a focus on Uzbekistan and Azerbaijan in the coming weeks. We are also working in the background on several new EIC Connect’s which we hope to announce shortly. I am interested to hear of any other countries or topics that you would like us to cover in what is fast becoming a busy arena of virtual events.
Last month witnessed an interesting announcement from the Kingdom of Saudi Arabia (KSA) stating that they will no longer sign contracts with foreign firms who do not have a regional headquarters in the Kingdom after 2023. The policy will apply to government agencies, institutions and funds and with new regulations to be issued later this year, certainly an area to keep our eye on in the coming months. New members continue to join us from the region where we recently welcomed Venture and look forward to welcoming in many more throughout the course of 2021. Our first Membership Open Day of the year led by our Membership Managers, Anand Kumar and Dina Abieva, helped to highlight the range of member benefits on offer for those wishing to join. Further information can be found by contacting anand.kumar@the-eic.com or dina.abieva@the-eic.com As mentioned last month the Virtual Energy Exports Conference (vEEC) will take place from 14-17 June 2021. This has become the number one event for global trade delegations to meet new and experienced UK exporters and we once again expect to see several inward delegations from this region. Ryan McPherson Regional Director, Middle East, Africa, Russia & CIS ryan.mcpherson@the-eic.com Get in touch Share your news and views...
Email newsdesk@the-eic.com • Phone +44 (0)20 7091 8600
The second contract is with Petrofac’s partner and main PDO contract holder Arabian Industries Projects, for selected PDO concession areas in the north of Oman. The scope of this seven year contract is for provision of reimbursable engineering services, integrated project support and management services, and has an option to extend for three years.
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