Enppi lands USD 355 mn turnkey contract in Oman

Petroleum-sector engineering firm Enppi secured a USD 355 mn turnkey contract to upgrade natural gas infrastructure for Petroleum Development Oman, marking the company’s debut project in the Sultanate, the Oil Ministry said in a statement. Acting as a general contractor, Enppi will triple the Birba Gathering Station’s processing capacity to 4.2 mn cubic meters per day and overhaul systems to help the operator eliminate routine gas flaring by 2030.

What we know: Enppi’s scope of work will include engineering designs, procurement, construction, pre-commissioning, commissioning and start-up work, as well as initial commissioning support for 6 months after initial handover.

Why it matters: Faced with currency pressures at home and a slowdown of mega state projects, both state-owned and private heavyweights are deploying economic diplomacy to target neighboring markets in a bid to secure stable, long-term streams of FX.

REMEMBER- Enppi is currently executing a USD 1.2 bn liquified natural gas pre-conditioning plant for the UAE’s Adnoc in a consortium with fellow state-owned contractor Petrojet, while also building four of the world’s largest natural gas liquids storage tanks for Aramco in Saudi Arabia.

Also heading to the Sultanate

Local manufacturer Zeinox Global signed a USD 2.5 mn agreement with the Oman Aluminium Rolling Company (OARC) to build a 50k-ton capacity downstream aluminum center in Oman, the Oman embassy said in a statement. Zeinox inked a USD 2.6 mn agreement with state energy group OQ — OARC’s parent company — to establish a plastic manufacturing facility last year.