McDermott unit wins EPC contract for Oman gas tank
MUSCAT, May 12, 2024
McDermott, a leading provider of engineering and construction solutions to the energy sector, has announced that one of its key subsidiaries CB&I has secured a contract to provide engineering, procurement, construction (EPC) services for a full containment concrete liquefied natural gas (LNG) storage tank located in Oman's Port of Sohar.
The contract, which is in the range of $100 to $250 million, was awarded by Marsa Liquefied Natural Gas, a joint venture between TotalEnergies and Oman state oil company OQ, said a statement from McDermott.
Under this deal, CB&I will provide turnkey EPC services for a 165,000 cu m full containment concrete LNG storage tank and associated piping to grade, it stated.
Work is expected to commence with construction activities in the fourth quarter of 2024. The project is targeted for completion in 2028.
On the contract win, Cesar Canals, President & CEO of CB&I, said: "Through this project, we will contribute to the construction of one of the lowest GHG emissions intensity LNG plants ever built and the energy transition market in Oman."
"It supports our ambition to build storage for projects that will help provide reliable energy to markets with a reduced environmental impact. It will also pave the way for similar storage opportunities in the future and continues our long history of execution excellence in the Middle East, specifically Oman," stated Canals.
Project delivery will be executed in Oman, where CB&I has been continually present since 1968, with support from CB&I's Dubai office, he added.-TradeArabia News Service
