Local firm frontrunner with $33.3m commercial offer
Muscat-based Gulf Petrochemical Services & Trading (GPS) has emerged as the frontrunner to win commercial engineering, procurement and construction (EPC) work on a gas loopline project in the south of Oman.
GPS was revealed to have submitted the lowest bid of $33.3m for the contract when bids were opened, with Indias Larsen & Toubro offering the second-lowest proposal of $37.8m. The other bidders were Turkeys STFA Group and the local Galfar Engineering & Contracting.
The project owner, Oman Gas Company (OGC), is planning to construct a 32-inch, 85-kilometre pipeline to meet increasing demand for gas in the Dhofar governorate.
The loopline will complement the Nimr gas-pumping scheme, which has increased the volumes of gas pumped to chemical and industrial plants around Salalah.
The Salalah loopline EPC deal was tendered in the second quarter of 2012.