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21 February 2014
Oil and gas services provider Petrofac has won a new $1.2 billion deal from BP for development of the central processing facility (CPF) for the Khazzan gas project in Oman.
The contract, which has been awarded on a convertible lump sum basis, will include engineering, procurement and construction (EPC) of the central processing facility (CPF) at the Khazzan field and is expected to be completed in 2017.
The new facility will house two process trains each with a capacity of 525 million standard cubic of gas per day as well as an associated condensate processing system, power generation plant, water treatment system and all associated utilities and infrastructure.
Petrofac Onshore Engineering & Construction business managing director Subramanian Sarma said the project represents the company's eighth EPC contract in Oman and follows the recent award of the $2.1 billion Sohar refinery improvement project in November.
"Furthermore, consistent with our commitment to developing Omani in-country value whilst also providing opportunity for local content wherever we work, we will also seek to do so for the duration of this contract via the supply chain and recruitment of local resources," Sarma added.
Singapore Land Transport Authority awards three new contracts
21 February 2014
Land Transport Authority (LTA) of Singapore has awarded three civil contracts namely T211, T221 and T226 having a combined worth of about S$1.09 billion ($861.5 million).
The T211 contract awarded to Penta-Ocean Construction, which involves the design and construction of Sin Ming station along with its associated tunnels at a contract value of S$454 million ($358.8 million).
Under the S$210 million ($ 174.6million) T221contract, which was secured by the Gammon Construction Limited Singapore Branch, the company will be responsible for the construction of Havelock station.
Japanese contractor Taisei Corporation has secured the S$425 million ($335.9 million) T226 contract for the construction of Marina Bay station and its associated tunnels.
Following the completion of the contracts, the Marina Bay station will become an interchange station connecting three rail lines that connect the current North-South and Circle Lines with the future Thomson Line.
The works under the contracts are expected to start by the first quarter of 2014, while the Sin Ming station is slated to complete in 2020 and the Havelock and Marina Bay stations are scheduled to be completed in 2021
Carillion JV to build new hotel in Abu Dhabi
14 February 2014
Al Futtaim Carillion, a joint venture (JV) business of Carillion in the UAE, has secured a £110 million contract from Aabar Properties to construct a new five star hotel in Abu Dhabi.
Planned to be built on the Abu Dhabi's Corniche, the new hotel, called Hard Rock Hotel, will feature 378 rooms apart from an assortment of signature restaurants, entertainment and meeting facilities, including the renowned Hard Rock Café.
The hotel will also feature a sky lobby on the fifth floor podium, a lobby bar with outdoor entertainment deck and hookah lounge, as well as a sky bar with swimming pool on the 37th floor. In addition, the property will also include the Body Rock fitness centre and signature Rock Spa.
Construction work is scheduled to begin this month, while completion is expected in the first quarter of 2017.
Carillion CEO Richard Howson said that the company is looking forward to work with Aabar Properties to deliver the prestigious hotel.
"We are delighted to have been selected for this important contract, which reflects our reputation for delivering projects to high standards of quality, safety and reliability," Howson added.
KSH subsidiary wins mixed use development project in Singapore
13 February 2014
KSH Holdings's wholly-owned subsidiary Kim Seng Heng Engineering Construction has secured S$76.9 million ($60.73 million) construction contract for development of KAP & KAP Residences.
Under the deal, the firm will be responsible for the construction, completion and maintenance of a seven-storey mixed use development KAP & KAP Residences, at 11 King Albert Park in Singapore.
The project will also include a two-storey commercial podium, two four and five-storey residential blocks, 142 residential units, as well as two basement carparks.
The contract has been awarded by the Oxley Sanctuary, a consortium in which the Group has a 12.6% equity interest.
KSH executive chairman and managing director Choo Chee Onn said the company is pleased to have clinched the construction project, which is also its first win in 2014.
"With KSH's top expertise in construction for a wide variety of sectors, strong proven track record and our strong network of business partners and developers, the Group is attractively positioned to market our capabilities when suitable opportunities in Singapore's private sector are identified, and to win them," Onn added.
As part of the deal, the construction is scheduled to begin on 01 April 2014 and slated to complete by 25 August 2016.
13 February 2014
Ethiopian Airlines has awarded a contract worth €107 million to the Germany-based Unitechnik Systems and Varnero Construction for construction of Cargo Terminal project.
As part of the deal, the companies will be responsible for construction of Ethiopian Airlines' Cargo Terminal 2 and apron.
Expected to be completed within next two years, the construction of Cargo Terminal 2 will have the capacity to accommodate, 600,000 tonnes of cargo per year along with cargo apron parking capacity for five B747-800 aircraft.
The cargo terminal will also feature cold storage capacity of about 300,000 tonnes for storage of temperature controlled perishable cargo per annum.
Following the completion of Cargo Terminal 2, the construction of Cargo Terminal 3 will begin immediately that will add an annual cargo storage capacity of 600,000 tonnes.
Ethiopian Airlines Group CEO Tewolde GebreMariam said in line with the company's vision 2025, the massive investment in construction of the two cargo terminals is to support the Ethiopian fast growing export of agricultural products and high value imports to the continent, which are critically important for Economic development of many African countries.
"Including the existing cargo terminal 1, the combined annual capacity of the three terminals will be around 1.5 million tons of cargo which will make Ethiopian one of the largest air cargo operators in the world," GebreMariam added.
The two terminals, which are planned to be built in two phases, will have storage capacity of about 1.2 million tonnes of cargo per year with capacity of eight B747-800 aircraft.
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