Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.
Petroleum Development Oman (PDO) is considering its options on the Qarn Alam enhanced oil recovery project after bids for the engineering, procurement and construction (EPC) contract came in at almost double its estimated budget of $800 million-900 million. Two groups of companies are competing for the award. They are: a team of Italy’s Saipem with Canada’s SNC Lavalin; and Spain’s Tecnicas Reunidas (TR MEED 10:3:06).