MIS
Record EPC strength in year before Lamprell acquisition
MIS is best-known for its jackup build and refurbishment business, though its EPC capabilities have seen it grow that segment of its business from 7% of its revenue 2009 to 11% in 2010.
Though the majority of that work is in the Northern Emirates and parts of Dubai,and the company has used its expertise to break into new markets.
MIS’s management have emphasised the strategic importance of EPC in the oil & gas upstream sector to the business with moves to support MIS’s growth targets for EPC.
This year the firm appointed Chris Parker MBE, as Executive Vice President for MIS Iraq, and acquired Litwin, an Abu Dhabi EPC contractor, to help its entry into the market.
The acquisition is paying off, with Litwin scooping contracts for GASCO and Borouge, worth a total of $5 million. One of MIS’ biggest EPC Projects to date is the HFO facility in Qatar. The firm’s emphasis is now on the full EPC projects, FEED services, focusing on offshore platforms and onshore processing plants.
Many local and regional upstream projects and draws on its extensive expertise in fabrication with the addition of the engineering capabilities.
