Oman exploration awards $40mln offshore pipeline contract
Oman Oil Company Exploration and Production LLC (OOCEP)
Click here to add Abu Dhabi as an alert
Disable alert for Abu Dhabi,
Click here to add Consolidated Contractors International Co as an alert
Disable alert for Consolidated Contractors I ...,
Click here to add EPC as an alert
Disable alert for EPC,
Click here to add National Petroleum Construction Co as an alert
Disable alert for National Petroleum Constru ...,
Click here to add Oman Oil Co as an alert
Disable alert for Oman Oil Co,
Click here to add Production LLC as an alert
Disable alert for Production LLC,
Click here to add Senaat as an alert
Disable alert for Senaat
Oman Oil Company Exploration and Production LLC (OOCEP), an upstream oil and gas subsidiary of Oman Oil Co, has awarded a US$40mn engineering, procurement and construction (EPC) contract to Abu Dhabi-based National Petroleum Construction Co (NPCC) for installation of two offshore pipelines in the Musandam area, Emirates News Agency (WAM) reported last week.
A new multiphase offshore pipeline will import well fluids from the Bukha field to the Musandam Gas Plant for processing. An offshore export pipeline will also be installed to transport gas from Musandam to Saqr Port in Ras al Khaimah, according to a press release from NPCC.
The two pipelines have a total length exceeding 30km and will be laid underwater at a depth of up to 90m.
The nearly US$40mn contract provides NPCC an entry into the lucrative Omani market and is in line with its expansion strategy.
NPCC was formed in 1973 and is jointly owned by UAE's Senaat (70 per cent) and Consolidated Contractors International Co (30 per cent).
- Al Tayer bucks the US department store trend with Bloomingdale's Kuwait opening
- Gulf Islamic banks set to outperform conventional banks for second year: Moody's
- Jordan secures EU finance for socioeconomic and environmental programs
- Same-day service deliveries in GCC an untapped market: Wing CEO
- Will terror attacks damper Arabs' appetite for European holidays?