Contractors are preparing for a long wait before Pars Oil & Gas Company (POGC)opens contract negotiations with a preferred bidder on the $2,000 million South Pars 15-16 project (MEED 19:11:04). When prices were opened in mid-November, the local consortium of Ghorb Khatemand Iran Marine Industries Company (Sadra)was low bidder at $1,970 million.
South Pars 15-16 bids ($ million) Ghorb Khatem, local, with Iran Marine Industries Company (Sadra): 1,970 Chiyoda Corporation,Japan, with Daelim Industrial Company, South Korea, and Industrial Development & Renovation Organisation (IDRO)and Petropars, both local: 2,150 Hyundai Engineering & Constructionand LG Engineering & Construction, both of South Korea, with Foster Wheeler Energy, UK, and Iran Shipbuilding & Offshore Industries Company (Isoico): 2,500 Technip, Paris-based, with Oil Industries & Engineering Company (OIEC)and Saaf Offshore, both local: 2,600
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