McDermott in top position to win the $1bn Belbazem oil contract in Abu Dhabi

McDermott, the US-based engineering and construction giant, is reportedly set to win the contract to develop the Belbazem offshore oil contract.

It is anticipated that Al Yasat Petroleum Company will award McDermott the AED3.67bn (US$1bn) contract for the project.

Upstream reported that the US giant is “believed to be in pole position” and has “pipped several key competitors, including India’s Larsen & Toubro, UK-based TechnipFMC, and France’s Doris Engineering”.

The contract covers pre-font-end engineering design (FEED) and concept re-selection for the offshore project in Abu Dhabi.

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“[McDermott is] believed to have started some initial work on the project but no official announcement has been made yet,” a source informed Upstream.

“Al Yasat is thought to have initially carried out some conceptual and initial engineering work on the Belbazem development, but the scope was later significantly altered, requiring re-selection of concept and optimisation studies,” Upstream continued.

Mott MacDonald, Wood Group, Engineers India, National Petroleum Construction Co, Worley Parsons, Ramboll, and KBR have all expressed interest in the contract.

“UK-based Mott MacDonald is thought to have earlier landed a project management consultancy contract for work on the Belbazem project.”