Qatar's North Oil Co (NOC) is poised to grant the engineering, procurement, construction, and installation (EPCI) contracts for its substantial $5 billion Ruya offshore project, previously known as Al-Shaheen Phase 3-Batch 1. The project aims to expand the Al Shaheen oilfield, with plans to achieve an oil production plateau of 300,000 barrels per day. Currently, NOC is assessing price bids, and contract awards are anticipated to be finalized as early as the following month, as reported by Upstream.
Al Shaheen represents Qatar's largest offshore oilfield, contributing approximately 600,000 barrels per day to the nation's crude oil production.
The scope of the Ruya project encompasses multiple packages:
EPCI 13: This package is centered on constructing a new central processing platform deck and jacket, a flare tripod, topsides, and two bridges. South Korean contractor Hyundai Heavy Industries, in collaboration with McDermott and Seatrium of Singapore, has submitted bids for this portion.
EPCI 9: Covering subsea pipelines and cables, this turnkey package has received price submissions from three contractors: Italy's Saipem, McDermott, and China's COOEC.
McDermott International had previously secured a Front-End Engineering Design (FEED) contract from NOC for the Ruya Development in June 2022. Described as one of the most extensive FEED projects undertaken by McDermott, it follows the successful completion of the pre-FEED contract.
The imminent contract awards for the Ruya offshore project underscore Qatar's commitment to expanding its oil production capabilities and enhancing its offshore infrastructure, marking a significant step toward advancing the nation's energy objectives.