Project covers construction of utilities, loading facilities and tanks
The US’ Fluor Corporation has completed a $1.5bn contract for RasGas to provide engineering, procurement and construction management (EPCM) services on a project at Ras Laffan.
The project covers construction of utilities, loading facilities and tanks and was awarded in November 2005 to support new liquefied natural gas (LNG) capacity planned by RasGas (MEED 2:12:05).
The infrastructure deal for RasGas was the second major oil and gas award, after the UK/Dutch Shell Group’s Pearl GTL scheme, to be made on an EPC management basis in 2005.
As on Pearl GTL, RasGas had considered tendering the work on an EPC basis, but opted for the EPCM approach to reduce contractor risk, increase competition and speed up the project.
RasGas is a joint venture of the state-run Qatar Petroleum (QP) with a 70 per cent stake and the US’ ExxonMobil Corporation holding 30 per cent.
You might also like...
Red Sea Global awards Marina hotel infrastructure
18 April 2024
Aramco allows more time to revise MGS package bids
18 April 2024
Morocco tenders high-speed rail project
18 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.