JGC
Revenues and profits up on key Ras Laffan contracts Japanese EPC firm JGC is currently executing projects in Saudi Arabia, UAE, Algeria. Its stand-out project, the Pearl GTL in Ras Laffan, Qatar, which started processing sour gas in March this year.
Work continues on the the Habshan 5 processing facility, sulphur recovery units and NGL recovery unit, awarded under a $4.7 billion joint venture with Maire Tecnimont.
The firm, which operates regionally out of Saudi, is also working on two sulphur dioxide reducing units at the Sasref refinery on the Kingdom’s Gulf coast that on completion will dramatically reduce the facility’s environmental impact.
In November, JGC announced it will be performing EPC and pre-commissioning work for new water treatment facilities to treat 170 000 barrels per day of produced water at the Phase 3 (Onshore) Project run by Khafji Joint Operations in the Saudi-Kuwait neutral zone.
In January The Tokyo-listed firm announced it won the multibillion dollar lump-sum turnkey EPC contract for new gas processing facilities for the Barzan Onshore Project in Ras Laffan, Qatar.
JGC also recently won a $213 million deal from the Sonatrach, BP, Statoil Association for the optimisation of the In Ain Amenas gas production.
The scope of work comprises the construction of two compression lines with a capacity of 29.7 million m3 per day. JGC CEO and President saw net profit for 2010 of $1 billion on revenues of $5.53 billion, an increase from $0.74 billion and $5.12 billion respectively.
