MOSCOW (MRC) -- State-run Bahrain Petroleum Co (Bapco) has awarded a consortium led by UK-based TechnipFMC a contract to expand Bahrain’s only oil refinery, sources close to the matter told Reuters on Friday.
Bahrain has long been planning to expand the refinery and industry sources told Reuters in August that Bapco held further talks with the consortium which submitted the lowest bid.
The consortium includes Spain’s Tecnicas Reunidas and South Korea’s Samsung Engineering.
Bapco and TechnipFMC did not respond to a request for immediate comment.
A spokesman for Samsung Engineering confirmed the news to Reuters. Tecnicas Reunidas declined to comment.
As MRC wrote previously, in May 2016, France's Technip announced an all-stock merger with U.S. rival FMC Technologies to create an oil services group with combined revenue of USD20 billion. Under the terms of the deal, each Technip share was converted into two shares of TechnipFMC, and each FMC Technologies share was exchanged for one share of TechnipFMC, with each company's shareholders owning close to 50% of the combined company.
Technip is a world leader in project management, engineering and construction for the energy industry.
From the deepest Subsea oil & gas developments to the largest and most complex Offshore and Onshore infrastructures, our 37,500 people are constantly offering the best solutions and most innovative technologies to meet the world’s energy challenges. Present in 48 countries, Technip has state-of-the-art industrial assets on all continents and operates a fleet of specialized vessels for pipeline installation and subsea construction.
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