Galfar
Oman’s Galfar Engineering has rocketed up from number 22 last year to sixth in this year’s list, by virtue of its nearly $300mn contract win from Petroleum Development Oman (PDO) for the Yibal Khuff project southwest of Muscat.
The contract will see Galfar build a new central processing facility at the field.
Galfar has been the contractor of choice for PDO, as mid last year the company announced it had won a contract to build and install a gas gathering system at the Khazzan Gas project in Oman. The firm said that the contract is worth $110mn and involves the construction of duplex stainless steel (DSS) pipelines, including main headers, sub-headers and flowlines.
Last month, Galfar announced that the parent company continues to maintain an order book position in the range of more than $1.9bn. The company bagged projects worth $493mn during the first quarter of 2016, of which $296mn was in the oil and gas sector. The parent company has made a net profit of $2.5mn for Q1 2016.
