Galfar bags $668m mechanical contract from PDO
The four-year service contract with an option to extend another six years involves flow lines, pipelines, well hook ups including all civil, mechanical, electrical, and instrumentation works
Omani contracting firm Galfar Engineering and Contracting Company has won an off plot mechanical contract from Petroleum Development Oman (PDO) for Qarn Alam oil block.
The four-year service contract with an option to extend another six years involves flow lines, pipelines, well hook ups including all civil, mechanical, electrical, and instrumentation works.
Galfar expects to generate revenue of around $668m (OMR70m) during this four year period, Times of Oman reported.
Galfar in its third quarter result said that the parent company continues to maintain healthy order book position of approximately $6.6bn (OMR690m) or 25 months of backlog (against OMR650m for the same period of last year).
“We are expecting award of some more projects, which are already tendered, from a solid work pipeline,” the company said in its director’s report.
The company has been awarded new projects and extensions on existing projects worth $2.7bn (OMR285m) during the first nine months of 2016 (against OMR132m).
Included in this are off plot delivery contract of North Oman extended for further two years till March 2018, the award of the Yibal Khuff on plot construction project of $1bn (OMR114m) and Duqm Fishery Port project of $572m (OMR60m).