Petrofac’s Post

At the end of this week, I bring to you news about a pair of contracts that aramco has awarded for #EPC of key units at the #offshore field developments of Marjan and Zuluf in #SaudiArabia. The two contracts are estimated to be worth more than $1 billion. Read the full news story on MEED | Middle East Economic Digest: https://lnkd.in/dChyzkFJ

PDO drives growth with local content initiatives MUSCAT: Petroleum Development Oman (PDO), the biggest producer of hydrocarbons in the Sultanate of Oman, continues to play a pivotal role in the nation’s economic growth through its robust local content initiatives. The company’s ongoing commitment to empowering Omani talent and supporting local businesses has translated into significant socio-economic benefits for Oman. PDO’s efforts to enhance In-Country Value (ICV) are reflected in its creation of 2,000 jobs annually across its contractor base. These jobs are critical to supporting the growth of Oman’s workforce, contributing to PDO’s broader goal of ensuring sustainable economic development. Read more: https://lnkd.in/djKZFAuW Petroleum Development Oman Ministry of Energy and Minerals Ministry Of Economy Oman Ministry of Labour وزارة العملل #PDO #ICV #Oil #Gas #LocalContent #Jobs #Workforce #Omanisation #Oman #OmanBiz

A technical and financial meeting was held in Benghazi between the National Oil Corporation (NOC) and the Arabian Gulf Oil Company (AGOCO) to discuss the 2024 agenda. The meeting was attended by the Chairman and members of the company's management committee, the General Director of NOC's Oil Industries Division, the General Director of the NOC branch in Benghazi, as well as department heads and specialists from both sides, alongside representatives from the Oil Research Center. The discussions focused on the company’s activities regarding the Tobruk and Sarir refineries, with a special emphasis on the Tobruk Refinery Development Project. The meeting also covered ongoing and upcoming projects, as well as reviewing the proposed 2025 budget. For more details, click the link in the comments below! ⬇️ #Libya #OilIndustry #EnergyDevelopment #NOC #ArabianGulfOilCompany #TobrukRefinery #SarirRefinery #OilAndGas #EnergyProjects #LibyaEnergy #RefineryDevelopment #Benghazi #Libya2024 #EconomicGrowth #OilInvestments

🌟 𝐒𝐚𝐮𝐝𝐢 𝐀𝐫𝐚𝐦𝐜𝐨 𝐚𝐧𝐝 𝐓𝐨𝐭𝐚𝐥𝐄𝐧𝐞𝐫𝐠𝐢𝐞𝐬 𝐮𝐩𝐜𝐨𝐦𝐢𝐧𝐠 $𝟏𝟏 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐏𝐞𝐭𝐫𝐨𝐜𝐡𝐞𝐦𝐢𝐜𝐚𝐥 𝐂𝐨𝐦𝐩𝐥𝐞𝐱 𝐢𝐧 𝐉𝐮𝐛𝐚𝐢𝐥 🌟 Saudi Aramco and TotalEnergies announced the construction of an $11 billion petrochemical complex in Jubail Industrial City. This ambitious project aims to significantly boost Saudi Arabia's industrial output and enhance the nation's position in the global petrochemical market. 🌍 The construction of the complex is expected to begin in early 2025, following the official announcement made in September 2024. The project aims to be operational in the coming years, contributing significantly to Saudi Arabia's industrial output. The complex is expected to produce a range of high-demand products, supporting the Kingdom's economic diversification efforts. 📈 This initiative aligns with Saudi Arabia's Vision 2030, focusing on reducing dependence on oil revenues and fostering sustainable development. 🌱 The partnership is set to create thousands of jobs and attract further investments in the region. 💼 Photo by totalenergies.com Stay updated with the latest insights by visiting xpylon.com. https://lnkd.in/d6ApwPXt #IndustrialProcesses #SaudiNews #KsaIndustrial #NewProject

PDO drives growth with local content initiatives MUSCAT: Petroleum Development Oman (PDO), the biggest producer of hydrocarbons in the Sultanate of Oman, continues to play a pivotal role in the nation’s economic growth through its robust local content initiatives. The company’s ongoing commitment to empowering Omani talent and supporting local businesses has translated into significant socio-economic benefits for Oman. PDO’s efforts to enhance In-Country Value (ICV) are reflected in its creation of 2,000 jobs annually across its contractor base. These jobs are critical to supporting the growth of Oman’s workforce, contributing to PDO’s broader goal of ensuring sustainable economic development. Read more: https://lnkd.in/dWAkrrgz Petroleum Development Oman Ministry of Energy and Minerals Ministry Of Economy Oman Ministry of Labour وزارة العملل #PDO #ICV #Oil #Gas #LocalContent #Jobs #Workforce #Omanisation #Oman #OmanBiz

#SaudiArabia's ambitious drive towards #economic diversification and industrial self-sufficiency is significantly bolstered by strategic partnerships with global leaders, as illustrated by the recent $2 billion contract awarded to #Italy's Saipem by #Saudi aramco for the development of the #Marjan #oil #field. This collaboration underscores the Kingdom's commitment to fostering local industrial capabilities, leveraging international expertise, and advancing its #energy sector while creating sustainable #growth opportunities. ▪️The Marjan project is more than just an infrastructure development endeavor. It represents a concerted effort to nurture local talent, enhance technological proficiency, and embed advanced industrial practices into the #Saudi #economic #landscape. By entrusting #Saipem with engineering, procurement, construction, and installation of vital marine infrastructure, #SaudiArabia is not only ensuring the efficient development of its energy resources but also cultivating a #skilled #workforce and vibrant industrial base. ▪️This landmark contract signifies more than a #business #transaction; it exemplifies the Kingdom's #vision for a diversified, #knowledge-#based #economy. Through strategic international collaborations, Saudi Arabia is actively promoting technology transfer, knowledge sharing, and the localization of critical industries. This forward-thinking approach not only strengthens the Kingdom's energy sector but also lays a robust foundation for #future #growth and #prosperity in a rapidly evolving global landscape.

How Oman’s In-Country Value (ICV) Policy Boosts Local Talent & Strengthens the Domestic Supply Chain? Oman’s ICV policy has been a game changer for the oil industry. By focusing on developing local talent and enhancing the domestic supply chain, the country is taking strides toward a more sustainable and self-sufficient economy. 1️⃣ Empowering Local Talent: - Thousands of Omani nationals are now employed in the oil and gas sector. - Extensive training programs have equipped the local workforce with world-class skills. - Omanization targets have put more Omanis in key technical and leadership roles. 2️⃣ Strengthening the Supply Chain: - Local businesses, including SMEs, are thriving as they supply goods and services to major oil projects. - Collaborations with international companies have driven technology transfer and innovation within Oman. The result? A stronger, more resilient oil industry that’s building the foundation for Oman’s future. #Oman #ICV #OilAndGas #LocalTalent #SupplyChain #Omanization

📍#LNGShipbuilding📍 ✅ My company keeps expanding its LNG Fleet 🚀 ✅ ADNOC Group #Logistics & #Services has sealed a deal 🤝 to boost its LNG carrier fleet with at least six 6️⃣ more newbuilds 🎊. ✅ The shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC) has inked letters of intent 🖋 with #Samsung Heavy Industries and #Hanwha Ocean for three 3️⃣ ships each, valued in total at about 💰1.5bn with options for four 4️⃣ additional newbuilds. ✅ ADNOC L&S already has six 6️⃣ 175,000 cu m units under construction at China’s Jiangnan Shipyard🏗 due for delivery starting from this year untill 2026 📅. 📌 Source : Splash247 #lng #lngindustry #lngshipping #maritime #accidentinvestigation #safety #management 

Eng. Karim Badawi Explores Expansion Opportunities with UK's Shard Capital and Saudi Arabia's Al-Qahtani Group in Egypt As part of his visit to the United Kingdom, Eng. #KarimBadawi, Minister of Petroleum and Mineral Resources, held a meeting with officials from #Shard Capital and #Al-Qahtani Group. The meeting was attended by Ambassador #SherifKamel, Egypt’s Ambassador to the UK, and Eng. #MoatazAtef, Undersecretary of the Ministry for the Minister's Office Affairs and Technical Bureau, as well as the official spokesperson for the #ministry. The discussions focused on the progress of the petrochemical complex #project located in the New #Alamein industrial zone. This project, a collaboration between #ShardCapital and the Egyptian Petrochemicals Holding Company (#ECHEM), is one of the key initiatives within the Ministry of #Petroleum and Mineral Resources’ strategy to maximize the added value of #Egypt’s oil and gas resources. Petrochemicals, as a vital pillar of this strategy, play a significant role in bolstering #production and driving growth in the #Egyptian economy. The meeting also explored Shard Capital and Al-Qahtani #Group’s plans to expand their operations in #Egypt in #partnership with various local and international companies. These plans align with the abundant opportunities in Egypt’s #petroleum sector and leverage the country’s extensive infrastructure.

#BNCUpdate: Aramco Launches Major Offshore Investment Initiative Saudi Aramco has launched several major EPCI packages for the Zuluf redevelopment project, its largest offering this year. The project involves dismantling and replacing offshore platforms, as well as installing subsea pipelines. Key Features:- 🌊 The project aims to enhance and expand the Zuluf asset through significant infrastructure upgrades. 🏗️ Bids for the contracts will be submitted later this year, with final selections expected by 2025. 💼 Key global and regional contractors are vying for these opportunities, highlighting their technical expertise and industry reputation. 🌍 This initiative underscores Aramco's commitment to strategic oilfield developments while adhering to production capacity mandates. https://lnkd.in/dnnZ_KpQ 🔗 To know more about the project, click the link! 🌐 Register for free to get exclusive updates on this project #SaudiAramco #ZulufRedevelopment #OffshoreEngineering #BNCNetwork #ProjectIntelligence