Oman's Galfar awarded $299m construction contract
Galfar will build a new central processing facility at Petroleum Development Oman's Yibal Khuff project south west of Muscat
Galfar Engineering has been awarded a $299.2m (OMR115m) construction contract by Oman's top oil and gas producer, the firm revealed.
Galfar will build a new central processing facility at Petroleum Development Oman's (PDO) Yibal Khuff project south west of Muscat, according to a bourse statement.
The contract duration will span over 51 months.
Galfar said: "We expect reasonable income from this project."
PDO is 60% owned by Oman's government, 34% by Royal Dutch Shell, 4% by Total and 2% by Portugal's Partex, Reuter's repoted, citing PDO's website.