Oman Procurement News Notice - 29092


Procurement News Notice

PNN 29092
Work Detail Petrofac has announced that its Rabab Harweel Integrated Project (RHIP) team has received the completion certificate from Petroleum Development Oman (PDO), acknowledging the successful delivery of a project worth $1.25 billion. In a statement on its website, Petrofac said that the project is located in the Harweel cluster of fields, deep in the South Oman desert. The huge new development encompasses gathering systems, sour gas processing facilities, injection systems and all associated flowlines and pipelines. Petrofac added that it had provided engineering, procurement, construction management and commissioning support services. It was Petrofac’s first PDO project where a new commercial contract model (EPCm) was introduced. “This meant it being delivered on a reimbursable basis, where incentives were linked to the achievement of specific milestones and a shared benefit on procurement savings,” the statement said. “In-Country Value (ICV) was a critical consideration throughout the project. We exceeded all our targets for Omanisation. Also, more than a third of the project’s total procurement value was sourced in the Sultanate.” “Achieving this milestone marks the successful completion of a six-year project journey. RHIP has also helped us to build on our existing long-term partnership with PDO, which is now continued through Yibal Khuff and our other PDO Framework projects. “This success is down to all the people involved and a ONE Team approach, particularly as we have had to overcome the recent Covid-19 related oil and gas industry challenges,” said Khalid Abdul Kadar, project manager, who has been leading the close out of the project, in parallel with his responsibilities on the Yibal Khuff project for PDO.
Country Oman , Western Asia
Industry Financial Services
Entry Date 25 Jul 2020
Source https://meconstructionnews.com/42497/petrofac-announces-successful-delivery-of-1-25bn-rhip-project-in-south-oman

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