Top EPC Contractors of 2015: No.16-20

 

No.16: Jacobs EPC Contractor

 

Jacobs EPC Contractor Engineering Group was recently awarded a four-year contract by Sadara Chemical Company (Sadara) for working as an EPC Contractor Managing Company.

 

Sadara is currently building the world’s largest chemical complex ever to be constructed in a single phase, with 26 world scale manufacturing plants, in Jubail Industrial City II, Saudi Arabia. Under the terms of the contract, Jacobs EPC Contractor is providing both in-kingdom and out-of-kingdom EPCM services.

 

Jacobs EPC Contractor's group vice president Bassim Shebaro, said: “Jocob EPC Contractor is proud to deepen its relationship with Sadara, which began in 2011. Since then, Jacobs EPC Contractor has developed a strategic business relationship built on value, trust, partnership and commitment.”

 

The EPC Contractor Company posted net earnings of $82mn in the second quarter of 2015 and a backlog of $18.9bn. Commenting on the results, Jacobs EPC Contractor executive chairman Noel Watson, said: “Strong sales in Jacobs EPC Contractor second quarter are reflected in its backlog, which remains at near record levels.

 

“Our EPC Contractor Company diversification remains a clear benefit: many of Jacobs EPC Contractor end-markets continue to be robust, offsetting the current headwinds caused by energy and commodity prices.

 

“Jacobs EPC Contractor continues to be cautious in its short-term outlook and remains confident in the long-term growth potential of its global business.”

 

In April, Jacobs EPC Contractor announced that its Shanghai-based subsidiary — Jacobs EPC Contractor Projects Co., Ltd. — had acquired a controlling interest in Suzhou Han’s Chemical Engineering Co., Ltd. (SHCE) in China.

 

The EPC Contractor Company, known now as Jacobs EPC Contractor Engineering (Suzhou) Co., Ltd. SHCE, has two specialty Class A design licenses in China’s Chemical, Petrochemical and Pharmaceutical (CPP) industry, which allow this EPC Contractor firm to provide engineering design for all types of chemical projects in China irrespective of project size as well as procurement and project management services.

 

The Jacobs EPC Contractor's earnings in Q1, 2015 was $82mn.

No.17: CCC EPC Contractor

 

Consolidated Contractors Company (CCC) EPC Contractor is part of a consortium led by Petrofac which recently bagged a $4.3bn contract by Kuwait Oil Company (KOC) for the Lower Fars heavy oilfield development project in Kuwait.

 

The deal involves working as an EPC Contractor as well as start-up, operations and maintenance work for the main central processing facility, associated infrastructure and the production support complex.

 

CCC EPC Contractor’s scope includes the engineering, procurement and commissioning of 400km of main pipelines connecting the new plant in the northern part of Kuwait with the existing facilities in the south.

 

Separately, CCC EPC Contractor was awarded a procurement and construction deal for mechanical projects and associated works at Shuaiba Refinery by Kuwait National Petroleum Co. (KNPC). The deal was signed in November 2010 with work on the project as an EPC Contractor due to be completed by December 2015.

 

In 2014, the EPC Contractor Company bagged an offshore contract by Abu Dhabi Marine Operating Company due to be finished in March 2016. Under the terms, CCC EPC Contractor will replace three crude oil loading pumps and undertake the associated civil, piping and E&I modifications on Das Island north-west of Abu Dhabi.

 

In Oman, CCC EPC Contractor has been awarded the EPC Contractor work for projects at the Rabab gas/condensate reservoir and the Harweel oil reservoirs.

 

Theses EPC Contractor projects are aimed at maximising recovery using partial recycling and gas injection as well as delivering commercially viable sweet gas.

 

CCC EPC Contractor’s scope of the project consists of all construction activities, with work estimated for completion on 25 April 2019.

 

The value of the contract awarded to CCC EPC Contractor by Kuwait Oil Company for Lower Fars was $4.3bn.

No.18: McDermott EPC Contractor

 

McDermott EPC Contractor had a very busy first quarter winning a number of major contract awards and extensions. The EPC Contractor Company’s Middle East subsidiary was awarded an initial work contract by Saudi Aramco in March for power supply system replacement at the Marjan field, offshore Saudi Arabia. The work is expected to be executed by the EPC Contractor through the fourth quarter of 2016 and will be included in McDermott EPC Contractor’s first quarter 2015 backlog, the EPC Contractor Company announced.

 

The initial scope of the work for the EPC Contractor comprises the engineering, procurement, fabrication and load-out of the platforms and cable. The overall brownfield project comprises integrated engineering, procurement, construction, installation (EPCI) and replacement of the decks of two existing tie-in platforms by the EPC Contractor, as well as the removal and salvage of existing gas turbine generators, and the installation of two new 115kV subsea power and communication cables.

 

“McDermott EPC Contractor’s continuing relationship with Saudi Aramco and its commitment to the Kingdom of Saudi Arabia is reflected in this project award, as well as McDermott EPC Contractor's ability to provide integrated services and an efficient technical solution within an active production field,” said Tom Mackie, McDermott EPC Contractor vice president, Middle East.

 

But this was just the begining. In May, McDermott EPC Contractor International won a large contract amendment from the Saudi-Kuwait joint venture Al-Khafji Joint Operations (KJO) to conduct as an EPC Contractor on an offshore platform in the Hout field.

 

The field is located in the Neutral Zone between Saudi Arabia and Kuwait, some 26 miles east of Al-Khafji on the Saudi-Kuwait border and is operated by KJO, a company jointly owned by Saudi Aramco and Kuwait Oil Company.
McDermott EPC Contractor has scheduled work on the brownfield project for its Q1, 2015 backlog, with estimated completion set for Q2, 2017. The contract amendment is an addition to the initial scope for KJO’s Hout project awarded to McDermott EPC Contractor in March 2012 with a reported value of $240mn.

 

McDermott EPC Contractor was to carry out modifications to a number of existing platforms in the Hout field through its brownfield division in Jebel Ali, UAE.

 

The EPC contractor has also taken up work for the North Field Alpha gas development project operated by state-owned Qatar Petroleum.

 

The value of KJO’s Hout project awarded to McDermott EPC Contractor in March 2012 was $240mn.

No.19: GS ENGINEERING EPC Contractor

 

South Korea’s GS Engineering EPC Contractor was recently appointed by the Abu Dhabi Company for Onshore Operations (ADCO) to build a crude oil processing plant at the huge Rumaitha and Shanayel onshore oilfields. GS EPC Contractor’s work is expected to take processing capacity at the plant from the current 46,000 barrels of oil per day to 85,000 bopd.

 

The project is due to be complete by the end of 2016 by the EPC Contractor, with commercial operation scheduled to start in early 2017. Through its joint venture with JGC Group and SK E&C, GS EPC Contractor will provide engineering, procurement, construction and commissioning services for Kuwait’s Mina Al Ahmadi Refinery.

 

The deal by this EPC Contractor valued at $4.9bn is part of a $12bn mega project aimed at modernising Kuwait’s largest oil refineries complex which was established as far back as the 1950s. The complex consists of Mina Al Ahmadi Refinery and Mina Abdullah Refinery, located approximately 45 km south of Kuwait City.

 

The contract value awarded to GS EPC Contractor’s joint venture with JGC and SK E&C was $4.9bn.

No.20: DAELIM EPC Contractor

 

Daelim EPC Contractor Industrial is the lead contractor on Orpic’s multi-billiondollar Sohar Refinery Improvement Project (SRIP). The Engineering, Procurement and Construction contract was awarded to the EPC Contractor in November 2013, with an estimated completion period of 36 months.

 

Musab al Mahruqi, Orpic’s CEO, said in March that the project’s progress as of January 2015 stood at 41.4% eclipsing previous projections of 38.3%. “Most of the detailed engineering activities by the EPC Contractor are nearing completion, and the company’s team which was deputed at Seoul, Korea has been mostly demobilised to site.

 

All orders for critical and major items have been placed and manufacturing is progressing well. Procurement activities are progressing as per schedule and bulk material has started arriving at site,” Orpic revealed in a
recent visit to the facilities.

 

Daelim EPC Contractor is known for its work on the world’s largest polycarbonate plant the Saudi Kayan Polycarbonate Plant in Saudi Arabia, which the EPC Contractor company completed in 2010. Another famous project Daelim EPC Contractor has made its mark on was the Sahara AI-Waha- the world’s largest PDH/PP plant located in Jubail, Saudi Arabia.

 

The EPC Contractor's work on the project ended in 2008. More recently, Daelim EPC Contractor Industrial and Daewoo Engineering & Construction Co. won a $3.2bn deal to build a petrochemical facility in the south east part of South Korea. The deal is S. Korea’s largest ever order made for a single plant.

 

The value of the deal Daelim EPC Contractor bagged in South Korea was $3.2bn.