At least eight companies in running for estimated $200m Vopak Horizon oil storage project
Vopak Horizon Fujairah has received bids from at least eight companies vying to build the estimated $200m Phase 7 of its oil terminal expansion in Fujairah, in the UAE.
The company completed Phase 6 in May, bringing the terminal’s total storage capacity to 2.1 million cubic metres.
Companies submitted bids for the engineering, procurement and construction (EPC) contract on 5 August, after the deadline was delayed from 8 July. They included:
- Athena Emirates (Greece)
- Belleli Energy (Italy)
- Chicago Iron & Bridge Company (US)
- Dodsal (UAE)
- Larsen & Toubro (India)
- Posco Engineering & Construction Company (South Korea)
- Punj Lloyd (India)
- Topaz Engineering (UAE)
The scope of the EPC contract includes the construction of a jetty, single point mooring, a pipeline, tanks, pumps and other associated facilities.
Vopak Horizon Fujairah is one of more than 10 companies expanding their oil storage capacity in the emirate, which is expected to double its oil storage capacity in the next two years.
Vopak Horizon Fujairah is a joint venture of Dutch oil storage group Vopak and Bahamas-registered Horizon Terminals.
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