Galfar wins $60m Saipem contract for Oman's $7bn Duqm Refinery
Muscat-listed contractor to deliver mechanical, electrical, instrumentation, and piping fabrication works by 27 Nov 2020
Muscat Securities Market-listed construction contractor Galfar Engineering & Contracting has been awarded a subcontract worth $59.9m (OMR23m) by Italy’s Saipem to work on Oman’s $7bn (OMR2.69bn) Duqm Refinery, which is being developed through a partnership between Oman Oil Co and Kuwait Petroleum International.
Galfar has been picked to deliver mechanical, electrical, instrumentation, and piping fabrication works for Sub-Packages A and C.
The clusters are part of the Duqm Refinery Package 3 – Offsite Facilities scheme that Saipem’s Oman branch is working on.
In a statement undersigned by chief executive officer Dr Hans Erlings, Galfar said the contract is scheduled for completion by 27 November 2020, adding that it expected “reasonable income” from the deal.