The document summarizes oil and gas contracts awarded from 2007-2012 in the GCC region. It finds that $182.2 billion in contracts were awarded over this period, with a peak of $52.3 billion in 2009. Saudi Arabia accounted for the largest share at $87.6 billion, followed by the UAE at $60.2 billion. Oil and gas production was the largest sector by value at $49.1 billion. The document also outlines major past and planned contracts in various GCC countries and forecasts increasing contract awards from 2013-2015 after a decline since 2009.

1. MEED Projects Oil and Gas Webinar
by Smriti Kunte
10th of December 2012
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2. Major Oil and Gas Contracts Awarded 2007 - 2012
60,000
50,000
40,000
$m
30,000
20,000
10,000
0
2007 2008 2009 2010 2011 2012
 In the Period 2007 – 2012, contracts worth $182.2 billion were awarded in the GCC Oil, Gas and
Chemical Sectors
 Contracts worth a value as low as $11.2 billion were awarded in the year 2008, while 2009 saw the
awarded value peaking to over $52.3 billion.
 Since the 2009 high, new project activity declined to just over half the value in 2011.
 Until the 1st week of December 2012 figures stand just over $28.8 billion with another $4-5
billion expected to be awarded before the year ends
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3. Country Breakdown of Contracts Awarded 2007 – 2012
($m)
777, 0%
14,018, 8% 4,990, 3%
14,607, 8%
60,218, 33%
87,583, 48%
Bahrain Kuwait Oman Qatar Saudi Arabia UAE
 Saudi Arabia, the largest Oil and Gas Market continues to be in the pole position with a value over $87.6
billion
 The UAE remains not far behind with the value of awarded contracts close to $60.2 billion followed by
Qatar, Kuwait, Oman and Bahrain together contributing to an awarded value of less than $35 billion.
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4. Country, Yearly Breakdown of Contracts Awarded 2007 -
2012
35,000
30,000
25,000
$m
20,000
15,000
10,000
5,000
0
2007 2008 2009 2010 2011 2012
Bahrain Kuwait Oman Qatar Saudi Arabia UAE
 Saudi Arabia, has been consistent in awarding contracts valued between $12 - $20 billion, last five years
except for 2008.
 UAE on the contrary, peaked to over $30 billion in 2009 as against its lowest at $1.1 billion in 2008
 Kuwait saw the award of contracts worth almost $7 billion in 2010, four-fold than other years
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5. Sector Breakdown of Contracts Awarded 2007 – 2012
($m)
7,370, 4%
58, 0%
38,277, 21% 22,373, 12%
22,677, 13%
49,106, 27%
42,332, 23%
Fertiliser Gas Processing LNG Oil / Gas Production Petrochemicals Pipeline Refining
 By Sector, Oil and Gas was by far the largest with total contracts awarded worth $49.1 billion
 Quite closely followed by Petrochemicals with awards worth $42.3 billion
 LNG constituted the smallest segment of market with contracts awarded worth $58 million
 The Pipeline, Gas Processing and Refining sectors had contracts awarded between $22 and $39 billion
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6. Major Contracts Awarded in UAE and Saudi Arabia 2008 -
2012
Client Project Value ($m) Contractor Award Date Status
UAE
Gasco Habshan 5 Process Plant 4,700 JGC, Tecnimont Q3 2009 Complete
IPIC Abu Dhabi Crude Oil Pipeline (ADCOP) 3,290 CNPC Q2 2009 Complete
Takreer Ruwais Refinery Expansion Project - Process Package 2 (RFCC) 3,109 GS E&C Q4 2009 Execution
Ruwais Refinery Expansion Project - Package 3 (Offsites &
Takreer Utilities) 2,700 Samsung Engineering Q4 2009 Execution
Takreer Ruwais Carbon Black and Delayed Coker Project 2,470 Samsung Engineering Q2 2006 Execution
Saudi Arabia
Yasref Yanbu Export Refinery: Gasoline Block 2,500 Daelim Q3 2010 Execution
Manifa Arabian Heavy CrudeProgram:Central Processing
Aramco Facility:GOSPs 2,400 Saipem SpA Q2 2008 Complete
Aramco Manifa Arabian Heavy Crude Program:CPF:Package2 2,200 JGC Q2 2008 Complete
Satorp Jubail Export Refinery:Conversion Package 1,700 Technip Q3 2009 Execution
Sadara Jubail New Petrochemical Complex:Utilities&Offsites 1,650 Fluor Q3 2011 Execution
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7. Major Contracts Awarded in Qatar and Kuwait 2008 -
2012
Client Project Value ($m) Contractor Award Date Status
Qatar
RasGas Barzan Gas Development - Onshore (Phase I) 1,700 JGC Q1 2011 Execution
QatarGas Plateau Maintenance Project for Onshore Facilities (AGX) 1,200 Chiyoda, Technip Q1 2010 Execution
RasGas Barzan Gas Development - Offshore (Phase I) 800 HHI Q1 2011 Execution
QP Strategic Gas Transmission Project (SGTP) 750 Punj Lloyd Q3 2008 Complete
Qapco Ethylene Plant Expansion 715 CTCI Q1 2012 Execution
Kuwait
Oil / Gas Pipelines from Mina Al Ahmadi Refinery to Kuwait
KOC Power Plants 1,802 Hyundai E&C, Petrofac Q3 2010 Execution
KOC Jurassic Non Associated Gas Reserves Expansion: Phase II 1,556 Kharafi National Q4 2010 Execution
KOC Booster Station 171 900 Saipem Q2 2010 Execution
KNPC Mina Al Ahmadi Refinery: Gas Fractionation Train 4 886 Daelim Q2 2010 Execution
KOC Booster Station 132 724 SK E&C Q4 2010 Execution
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8. Major Contracts Awarded in Bahrain and Oman 2008 -
2012
Client Project Value($m) Contractor Award Date Status
Bahrain
BBOC Lube Oil Refinery 430 Samsung Engineering Q3 2008 Complete
MSCS, Ramsis
Engineering,
Special Technical
Tatweer Awali Field Redevelopment 207 Services, EnerServ Q3 2011 Execution
Banagas Gas Compressors & LPG Expansion 43 JGC Corporation Q3 2010 Execution
Banagas Sitra Gas Compressor Station 42 JGC Corporation Q3 2011 Execution
Oman
OOCEP Musandam Oil / Gas Processing Plant 480 Hyundai Engineering Co Q1 2011 Execution
Saltic Salalah Ethylene Dichloride & Caustic Soda Facility 450 Hanwha E&C Q3 2012 Execution
PDO Kauther Field Gas Compression Depletion Project 350 Petrofac Limited Q3 2009 Complete
PDO Saih Rawl Gas Depletion Compression Project: Phase II 235 Larsen & Toubro (L&T) Q3 2012 Execution
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9. Top Contractors in the Oil and Gas Market Based on Execution
Projects
14,000
12,000
10,000
$m
8,000
6,000
4,000
2,000
0
 Clear dominance of Korean Contractors, in the oil and gas markets
 Four out of the top five contractor companies are Korean
 Return of the LSTK Approach seen as the prime factor for the Korean dominance
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10. Selected Planned Projects in the UAE
Client Projects Value ($m) Award Date Status
Zadco Upper Zakum 750k, EPC2 4,000 Q4 2012 EPC Bid
Adma-Opco Sarb full field development 1,500 Q1 2013 EPC Bid
Adma-Opco Umm al-Lulu full field 3,000 Q1 2013 EPC Bid
Adma-Opco Nasr full field development 2,000 Q3 2013 FEED
Ipic Fujairah Refinery 3,500 Q4 2013 FEED
Adco North East Bab, Phase 3 2,000 Q1 2014 Pre-FEED
Gasco IGD expansion 1,000 Q1 2014 Pre-FEED
Chemaweyaat Al-Gharbia aromatics complex 1,000 Q4 2014 Pre-FEED
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11. Selected Planned Projects in Saudi Arabia
Client Projects Value ($m) Award Date Status
Satorp Jubail Export Refinery Phase 2 9,000 2014 Study
Aramco Ras Tanura Clean Fuels and Aromatic 2,000 Q4 2013 FEED
Sabic MMA and PMMA Plants 500 Q3 2013 FEED
Sadara / Solvay Hydrogen Peroxide 200 Q3 2013 FEED
Petro Rabigh Clean Fuels 1,000 2014 Study
Saudi Kayan UHM Polyethylene Plant 200 Q3 2013 FEED
Aramco Midyan Gas Development 800 Q1 2013 EPC Bid
Saudi Kayan N- Butanol 500 Q1 2013 EPC Bid
Petro Rabigh Acrylic acid and SAP Units 500 Q2 2013 FEED
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12. Selected Planned Projects in Qatar and Bahrain
Client Projects Value ($m) Award Date Status
Qatar
Laffan Refinery
Company Laffan Condesate Refinery – Phase 2 1,000 Q1 2013 EPC Bid
QP / Shell Ras Laffan Petrochemical Complex 1 6,400 Q1 2014 EPC PQ
QP / Qapco Ras Laffan Petrochemical Complex 2 5,500 2014 Study
First EPC package awarded
to CTCI/IHI in March 2012.
Second due to be awarded
Qapco Messaid Ethane Cracker 500 2013 in 2013
Bahrain
Bapco Sitra Refinery Expansion 6,000 2015 Study
Bapco LNG Receving Terminal 600 2014 EPC PQ
Bapco Sitra LPG 70 2014 Planned
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13. Selected Planned Projects in Kuwait and Oman
Client Projects Value ($m) Award Date Status
Kuwait
KNPC New Refinery Project 15,000 2013 EPC PQ
KNPC Clean Fuels Project 18,000 2014 EPC PQ
Kuwait Environmental Remediation
KOC Programme 3,000 2013 EPC PQ
KOC Gathering Centres 1,500 2013 FEED
KOC Low Fars Heavy Oil Development 7,000 2014 Planned
PIC Olefins III 7,000 2014 Planned
Oman
British Petroleum Khazzan and Makarem Fields 15,000 2013 EPC PQ
DRPI Duqm Refinery 6,000 2014 Study
ORPC Sohar Refinery Expansion 1,500 2013 EPC PQ
OOC Sohar PTA and PET Plants 800 2014 Study
OGC Duqm Gas Pipeline 210 2013 FEED
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14. Market Forecast 2012 - 2015
60,000
50,000
40,000
$m
30,000
20,000  A significant pick-up is forecast
for 2013 with estimated awards
10,000
totaling just over $50bn
0
2013 2014 2015
25,000
 2014 forecast is also estimated
roughly in line with 2009 peak
20,000
 For 2015, contract volumes are
likely to meet the historical
$m
15,000
average of $35 - $ 40 billion
10,000
5,000
0
Kuwait Oman Qatar Saudi Arabia UAE
2013 2014 2015
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15. Thank you for attending the webinar
If you have any further questions please contact us on:
email - helpdesk@meed.com or visit our
website -www.meedprojects.com
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