2020 CW Power 100: Petrofac's CEO Ayman Asfari ranked No. 94
Petrofac secured a $130m EPCM contract from Oman's PDO for the Salalah Liquefied Petroleum Gas Project
Oil services company Petrofac International returns to the Construction Week Power 100 ranking after its debut in the 2019 list.
In 2019, National Petroleum Construction Company (NPCC) and Petrofac, in a joint venture with CNPC, won a front-end engineering design (Feed) contract from ADNOC Group company Al Yasat Petroleum for the Belbazem Block Development project located offshore in Abu Dhabi. In addition, the oil services giant was picked as the EPC contractor for the Salalah Liquefied Petroleum Gas (LPG) Project in Oman.
In the beginning of 2020, Petrofac secured a $130m (OMR50.1m) engineering, procurement, construction, and management (EPCM) services contract from the sultanate’s exploration and production firm, Petroleum Development Oman (PDO) for the Mabrouk North East Development Project.
The company which is led by Ayman Afsari as the chief executive officer was picked along with Sapura Energy Berhad by ADNOC in February 2020 for two engineering, procurement, and construction (EPC) contracts that covered work on offshore facilities, with Petrofac Emirates’ portion of the scope of work valued at $1.5bn (AED5.5bn). Despite the termination of the contract, Petrofac has said that it will continue to implement its remaining group backlog of around $7bn as planned and it will tender for major contracts in Abu Dhabi.
Go over the entire 2020 Construction Week Power 100 ranking, featuring industry leaders from the Middle East.