real estate

Galfar Engineering wins $104m Oman EPC contract

September 14, 2021

Galfar Engineering and Contracting has secured a RO40 million ($104 million) contract from Oman's top petroleum investment company OQ for provision of engineering, procurement and construction (EPC) services for one of its projects.

The EPC contract is for the Central 48-inch Rich and Lean Gas Pipeline Segregation Project at the OQ's concession area, said the company in its filing to the Muscat Securities Exchange.

The work will be fully completed within a 42-month schedule, including the maintenance period, said the statement, citing its CEO Dr Hamoud Rashid Al Tobi.

'It is expected that this contract will contribute to Galfar's revenues and further strengthen our presence in oil and gas sector and high capacity pipeline projects,' he added.

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