opening doors to a stronger economy - dms projects

ISSUE 3, 2016

Oman's Master Plan:Opening Doors to aStronger Economy

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OVERVIEW 1 Economic Outlook 1GDP 1Move towards Diversification 2Refining and Petrochemicals 2Infrastructure 3Utilities Sector 4Growing Opportunities in Oman 5

OMAN’S TOP PROJECTS OF 2016 PREVIEW 6

FEATURED PROJECT 8

PROJECT BUDGET OUTLOOK 2016-2017 16

OMAN UPCOMING OPPORTUNITIESQ1 2016 – Q3 2016 17

Oman's Master Plan:Opening Doors to a Stronger

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OVERVIEW

Located in the south-east corner of the Arabian Peninsula, Oman occupies a strategically important position at the mouth of the Gulf. Oman is bordered by the United Arab Emirates to the northwest, Saudi Arabia to the west, and Yemen to the southwest, and shares marine borders with Iran and Pakistan.

In 1970, Sultan Qaboos Bin Said opened up the country, which had been internationally isolated and embarked on economic reforms through his modernization program.

With a population of about 3.6 million, Oman is one of the more traditional countries in the Gulf region.

As many Gulf states, oil is the mainstay of the economy however compared to its neighbouring countries, Oman’s oil reserves are modest with oil, agriculture and fishing being important sources of income. Tourism and gas-based industries, in Oman, are currently key components of the government's diversification strategy.

Economic Outlook

Oman is a middle-income economy with notable oil and gas resources and substantial trade and budget surpluses. Petroleum accounts for 64% of total export earnings, 45% of government revenues and 49% of GDP (Figure 1).

Figure 1 Source: DMS Projects

The hydrocarbon sector represents one of the most important sectors of the Omani economy. Oman possesses 5.50 billion barrels of proven crude oil reserves which account for 1.2% of the total GCC reserves – almost 0.4% of the world total reserves.

However, due to the declining oil prices since mid-2014, the GCC economies have seen a large decline in their export revenues as the GCC economies rely on oil as the main source of export and fiscal revenues. As is the case with most of the GCC countries, oil and gas remains a significant contributor to Oman’s economy, accounting for around 50% of GDP. The IMF also predicts a 2.6 % decline in the economic growth in 2016, compared to 3.4% in 2014.

To cope with this decline and growing fiscal deficits, most GCC countries are trying to cut down public spending and subsidies in an attempt to reduce government spending. Oman is also cutting down on various public subsidies, including oil and gas, with a possibility of cutting subsidies on electricity as well to minimize government deficits.

GDP

In 2015, Oman’s GDP grew up to 3.7% in comparison to 2014. However, in the coming years, there does not seem to be significant growth as it would continue to remain below 4% with it dropping to 2.5 in 2018 (Figure 2).


Oman’s oil revenues have dropped by 24% in 2015 in comparison to 2014. Though, non-oil revenues are predicted to grow from $3.9 billion in 2015 to $6.36 billion in 2016, total revenues are expected to drop by another 4%.

Due to the decline in oil revenues, Oman's total expenditure in 2016 is budgeted at around $31 billion, 11% lower than the total expenditure of 2015, which was $35 billion.Despite the lower expenditures, the expected 2016 deficit is 38% of projected revenues.

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Nominal GDP by Sector

BAHRAIN OMAN KUWAIT QATAR UAE SAUI ARABIAOil Non Oil

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72% 51% 36% 46% 53%67%

28%49% 64% 54% 47%

Oman's GDP Growth Forecast

2014 2015 2016 2017 2018

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2.93.7 3.2 3

2.5

33%

Oman's expected revenue in 2016 is budgeted at $22.3 billion, while the budgeted expenditure is $30.9 billion (Figure 3).

2016 Budget (Billion USD)

2015 Actual (Billion USD)

Change (%)

Total Revenue 22.3 23.1 3

Total Expenditure

30.9 34.8 11

Deficit 8.6 11.7 27

Figure 3 Source: Royal Decree 2/2016 and the Minister responsible for Financial Affairs’ press statement.

Move towards Diversification

Oman was one of the first Gulf countries to come up with a long-term strategic plan, outlined in its Vision 2020, which called for a major diversification of the economy away from the oil sector. Oman has made some progress, but much of the early diversification emphasis was on using gas, both for liquefied natural gas (LNG) exports and downstream industrialisation efforts ranging from petrochemicals and fertilisers to energy-intensive metal smelting.

The declining oil prices have put an increased strain on Oman’s economy. The sharp fall in the oil prices since 2014 is thus having a serious negative impact on the economy. This is especially visible in the expected budget deficit for the coming years and a slowdown in economic growth. To cope with the falling oil prices and to maintain economic stability, Oman plans on diversifying its industrial investments and move away from dependence on hydrocarbon revenues, Oman’s hydrocarbon reserves will only last for another 16 years approximately, which is according to BP Statistical Review of World Energy 2014 (e.g. Saudi Arabia and UAE have 66 and 81 years, respectively).

Oman is focusing on diversifying initiatives through growing the infrastructure sector, which the government plans to invest over $50 billion into developing major projects over the next five years.

Oman is also moving towards privatisation with 70% of ownership available to foreign investors, thus attracting a large amount of foreign investment. The government has outlined initiatives to modernise the local economy and privatise state utilities. The Omani government has decided to postpone awarding projects that are not as critical to the economy as a way to minimize the expenditure. Many governmental projects are also being tendered to private companies to encourage private sector participation.

Refining and Petrochemicals

Besides natural gas and oil, Oman is also an emerging player in the refining, petrochemicals and fertilizer sectors. The recent drop in oil process has encouraged Oman to push for the development of its downstream and petrochemicals sector, to add value to its hydrocarbon production. Oman also plans to capitalize on its strategic location in the Arabian Peninsula and expand its refining and storage capacity. Currently, most of Oman's petroleum products are consumed locally, however, with the increase in the country's refining capacity, Oman plans on increasing its exports, opening greater revenue streams for the economy.

Many existing refineries are planned to be enhanced and improved, which is reflected in the investment in the refining sector. In 2016, Oman plans to spend $8.4 billion in the sector, while the investment is expected to be about $6 billion every year between 2017 and 2019 (Figure 4).

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Investment in Refining$8.40

$6.38 $6.04 $6.00

2016 2017 2018 2019$ Billion

The Duqm refinery, which is part of the government's plans to develop the Duqm area, is the biggest and most significant refinery project, which alone would cost about $6 billion and expected to be completed in 2019. Oman Refineries and Petrochemicals Company (ORPIC) also plans to expand the Sohar Refinery in Sohar Industrial Port. The project would cost around $1.5 billion and is expected to be completed by the end of 2016.

The petrochemicals sector accounts for 8% of the total non-oil GDP of Oman. The production capacity of the petrochemical industry in 2014 was 9.1 million tonnes. The sector grew by 16% between 2005 and 2013.

ORPIC’s Liwa Plastic Project, which is planned to be operational by 2018, is part of the government’s efforts to promote the petrochemicals sector, as well as diversify its sources of income. The project, which will cost $6.3 billion, is set to produce about 1.4 million tonnes of plastic per year.

Through its Five-Year Plan (2016-2020), Oman is aiming to create a strong hold in the international petrochemical market. The investment in the sector is expected to be about $9 billion to $10 billion in the coming years (Figure 5).


Infrastructure

Oman has identified the Infrastructure sector, to have the potential for economic growth, hence, has shifted the focus in that direction. Oman’s 5 year spending plan (2011 – 2015) included $78 billion of expenditure on infrastructure, the majority of which had been allocated to social and transport projects. In the coming years, Oman does not plan

to cut back on infrastructure projects, as infrastructure development plays a major role in maintaining social stability, and plans to spend over $50 billion on infrastructure projects in the next 15 years, which is lower than current investment but expected to support growth.

In 2016, Oman plans to spend approximately $40 billion on infrastructure projects, making it evident that the Infrastructure and construction sector is a priority for the country; many important upcoming projects are either in planning or development stage (Figure 6).


Oman plans on leveraging its strategic location on the Strait of Hormuz, to position itself as a global logistics centre by investing in expanding its ports at Salalah, Duqm and Sohar.

One of the major projects in the sector is the $1.8 billion Port of Duqm. The Duqm region is one of the newest industrial areas growing in prominence, with a port and industrial zone project that will transform the area into a major economic development center, in which the port will act as facilitator unlocking potential growth opportunities. It will be one of the major ports in Oman with its strategic location. The port will also equipped with a ship repair yard and dry-dock facility, which is the first of its kind in Oman.

Tourism is also another important industry that directly affects the infrastructure sector. Oman is developing plans to enhance its tourism industry and establish it as a major revenue source.

Oman’s Ministry of Tourism has launched the National Strategy for Tourism 2040 plan, with an investment value of $35 billion, which aims to strengthen the tourism sector.

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Investment in Petrochemicals

2016 2017 2018 2019$ Billion

$10.

20

$10.

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$10.

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$9.7

2Investment in Infrastructure

2016 2017 2018 2019$ Billion

$40.

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$24.

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$27.

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$4.0

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The strategy aims to increase the GDP contribution of the tourism sector up to 6%, as well as increase the annual number of visitors from the current 2.6 million to 5 million visitors by 2040. Though the number of tourists visiting the country has increased by an average of 7.4% within the decade 2005-14 and up to 1.1 million in 2015, tourism is still a relatively small component of GDP. It only contributes approximately 2.4% to Oman’s GDP directly and another 3% indirectly.

One of the major challenges hindering the growth of the tourism sector is the lack of proper infrastructure and support facilities to accommodate the increasing number of international visitors. Hence, the focus of building infrastructures such as roads and airports would help support Oman’s tourism sector.

The development of Oman’s seaports and airports, with the development of projects like the $2.5 billion Muscat International Airport and the $260 million Port of Salalah, are also expected to drive the country's reputation as a regional logistics hub, as well as help develop the tourism sector, which will significantly boost the economy. Development of roads is also part of Oman’s infrastructural portfolio. The most significant road is the $2.6 billion Batinah Expressway, an eight-lane highway across rugged mountains, connecting Muscat and Sohar to the UAE.

Oman is also focusing on growing the capacity of its hotels and resorts and plans to reach the 20,000 hotel-room level in 2020, compared to the existing 16,000 level. Moreover, the government also intends to attract high-technology investors to free zones being developed in Muscat, Sohar, Salalah, and other developed free zones. For instance, the expansion and development of the Sohar Industrial Estate and Rusayl Industrial Estate, costing $55 million and $30 million respectively, which aims to meet the increasing demand for industrial plots from both existing industrial units planning expansion and new businesses, will help boost the industrial operations and attract

new business in the region.

Utilities Sector

In recent years, due to the rise in population, personal income, growing industrialisation, and continuing government investment in infrastructure projects, Oman’s demand for power has been witnessing a rapid growth. This has led to the creation of programs that would cater to the growing demand for utilities, providing opportunities for private and market sector investors.

The Public Authority for Electricity and Water (PAEW) is the regulator for both water and electricity services in Oman. The Oman Power and Water Procurement Company (OPWP) is the single buyer of power and water for all integrated power and water plants (IWPPs) in Oman, as well as being responsible for their procurement.

As Oman has limited renewable water resources, desalination has played a major role in potable water supply since the 1970s. Oman has been moving away from groundwater and towards desalination for its water supply.

OPWP is developing a number of multi-billion dollar independent water and power plants (IWPPS) and independent power plants (IPPs), which are in various stages of construction and development, with more to be rolled out in the coming years, and private sector participation, liberalization, and investor-friendly policies are seen to contribute to this growth. Some of OPWP’s main projects include the $600 million Sohar IWP and the $250 million Sharqiyah IWP, which are both desalination plants.

According to OPWP reports, Oman could face a power deficit of 2,727 MW in 2020 as the demand continues to progressively grow. Oman’s electricity production has also been steadily growing to 11.4% over the period from 2004 to 2014, and stood at 25,172 GW as of 2015.

Oman has been the regional pioneer in the development of the Independent Power Project Program (IPP) which has

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enabled the steady growth of the power sector. OPWP is developing a pair of new IPPs of a combined electricity generation capacity of 2,650 MW, to be located in Ibri in Dhahirah Governorate, as well as a coastal site within Sohar Industrial Port Area. The projects have a combined valued of over $1 billion. To meet Oman’s growing power and water needs, the government is implementing a variety of measures which include increasing investment in generation capacity, upgrades and technological improvements, as well as moving away from publicly owned generation and transmission systems, and thus increasing opportunities for the private sector.

Growing Opportunities in Oman

Being dependent on oil and gas revenues increases Oman’s vulnerability to volatile global energy markets. Though Oman is not an OPEC (Organization of the Petroleum Exporting Countries) member, its policies generally track those of its neighbours and fellow-members of the GCC.

Oman’s crude oil reserves have a limited time horizon, and oil at current extraction rates is expected to run out within the next 16 years, according to estimates by BP, and gas is forecast to last for around 30 years. Therefore, now more than ever, it is imperative that Oman focuses on diversifying its economy.

Oman’s Vision 2020 program, which is directed towards shifting the economy away from hydrocarbons towards industrialisation and privatisation, is an important step towards growing the economy. The program’s aim is to increase non-oil GDP to 81% of the total GDP by 2020.

Moving towards increased privatisation will also help Oman’s economy stabilize and attract foreign investment. Oman ranks 70 out of 189 countries rated by the World Bank’s Ease of Doing Business 2016 survey. However, there still remains a lot to be done in this aspect as economic freedoms are constrained by continuing state involvement in the private sector, while the energy sector remains largely state-owned.

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OMAN’S TOP PROJECTS OF 2016 PREVIEW

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Sumail Industrial Park - Infrastructure Facilites

Client: Public Establishment for Industrial Estates (PEIE)

Estimated Budget: USD 110 million

Sector: Infrastructure

Status: Construction

Project Start: Q2 2013

End Date: Q2 2017

PMC: Parsons

EPC: Larsen & Toubro

Background: Area 1 of the new Samayil Industrial Park is spread across 548 hectares, while Area 2 spread across 205 hectares.

Together, they represent the starting blocks of an industrial estate that could eventually grow into a mega-hub. As many as 345 projects of varying sizes and capacities can be housed within the park.

Liwa Plastics Industries Complex (LPIC) Overview

Client: ORPIC

Estimated Budget: USD 6.3 billion

Sector: Petrochemicals

Status: EPC


End Date: Q4 2019

PMC: Engineers India Ltd (EIL)

EPC• GS Engineering & Construction• Mitsui• Punj Lloyd• CB&I• Tecnimont• CTCI Corporation

Background: The purpose of Liwa Plastics Project is to increase the production of plastics will from the current 200,000 tonnes per year (t/y) to 1.4 million t/y by 2019.

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Batinah Expressway

Client: Ministry of Transport & Communications (MOTC)


Sector: Infrastructure



End Date: Q4 2017

PMC: Driver Consult

EPC: • Galfar Engineering & Contracting SAOG • Oman Roads Engineering Company

Background: The project is divided into 6 packages with a total length of 265 km stretching from Halban to Khatmat Milaha. The road has 4 lanes on each direction in addition to interchanges, flyovers and underpasses leading to different wilayats.

The project is vital for developing the region's economic potential centred around the Sohar Industrial Port and special economic zone.

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Sohar Refinery Improvement Project (SRIP)

Client: ORPIC


Sector: Refining



End Date: Q4 2016

PMC: CB&I

EPC: • Daelim • Petrofac

Background: Oman Refineries and Petrochemicals Company (ORPIC) plans to expand the Sohar Refinery in Sohar Industrial Port.

The expansion will add around 60,000 barrels per day (bpd) of new capacity to Sohar Refinery's present processing capacity of around 116,000 bpd of crude and long residue, as well as increasing naphtha capacity to 1.5 million tons per year.

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Project Name: DRPIC - Duqm Refinery & Petrochemical Complex - Duqm Refinery (Overview)

Name of Client: Duqm Refinery and Petrochemical Industries Company (DRPIC)

Estimated Budget ($ US) 6,000,000,000Award Date Q4-2016Facility Type RefineryStatus EPC ITBStart Date Q3-2006End Date Q2-2019PMC TechnipFEED Foster WheelerLocation Duqm, Oman

The 230,000 barrels per day capacity refinery is part of the government's plans to develop the Duqm area, in which a port and associated facilities are being built. Natural gas for the utilities necessary to operate the plant will be supplied via a pipeline that Oman Gas Company (OGC) is laying from Saih Nihayda in central Oman to the Duqm SEZ. Central Utilities Company (CUC) will develop and operate Seawater Intake facilities associated to the refinery. Duqm Petroleum Terminal Company (DPTC) will build a Liquid Jetty to handle ships bringing in crude for processing, and carrying refined fuels and petrochemicals for export markets.

DRPIC - Duqm Refinery & Petrochemical Complex - Site Preparation PackageDRPIC - Duqm Refinery & Petrochemical Complex - Duqm Refinery (Overview)DRPIC - Duqm Refinery & Petrochemical Complex - Duqm Refinery - Main Process UnitsDRPIC - Duqm Refinery & Petrochemical Complex - Duqm Refinery - Offsites and UtilitiesDRPIC - Duqm Refinery & Petrochemical Complex - Petrochemical Complex

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Project Summary

Project Background

Related Projects

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Date Status

25 Feb 2016 Bids submission deadline for the EPC packages delayed to 21 March.

27 Jan 2016 DRPIC is due to receive bids for the two EPC contracts by 27 February. DRPIC will name the winning bidders before the end of the year. The site preparation work for the project is under way to be completed in Q2-2016.

22 Nov 2015 The per-qualified firms also include:- JV of Petrofac International,Samsung Engineering Co., Chiyoda Corp.- Fluor Corp- SK Engineering & Construction Co.

22 Nov 2015 The per-qualified firms include:- JV of CB&I, CTCI Corp.- JV of JGC Corp., GS Engineering & Construction Corp., Saipem- JV of SK Daelim Industrial Co., Hyundai E&C, Hyundai Engineering Co- JV of TR , Daewoo E&C Co.

22 Nov 2015 The larger EPC contract consists of all the equipment and structures required to process the crude oil. The second contract comprises the associated facilities, utilities, tankage and buildings.

22 Nov 2015 7 pre-qualified applicants, comprise joint ventures, alliances, and sole entities capturing a total of 15 international companies are invited to bid for 2 EPC contracts.

28 Oct 2015 DRPIC announces a list of the pre-qualified contractors for two main packages of the refinery project. The first package includes the Main Process Units, while the second package includes the construction of the Offsites and utilities.

03 Sep 2015 Completion of the FEED study is pushed back to late 2015(from April 2015).

18 May 2015 DRPIC has completed the prequalification process for the EPC contract. A list of the prequalified contractors will be announced by the end of May.The EPC-ITB will likely be released by the end of 2015.

03 May 2015 Galfar Engineering & Contracting has been awarded the site preparation work contract. Works on the contract will start by mid 2015 and finish in mid-2016.

15 Mar 2015 DRPIC has received prequalification documents for the EPC contract.

11 Feb 2015 The deadline to submit the pre-qualification documents has been pushed back to 12 March.

01 Feb 2015 DRPIC has invited firms to prequalify for the EPC contract. Prequalification documents are due on 15 February.

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26 Jan 2015 The winning contractor for the site preparation package has been selected. The award will take place in February. Works on the FEED is scheduled to be completed by late April.

26 Nov 2014 SEZAD signed a preliminary usufruct agreement with DRPIC that allows it access and use of the location selected for the project to carry out field studies, preparatory and clearance works.

19 Nov 2014 The bids for the site preparation work package have been submitted and DRPIC has shortlisted the preferred bidders. Questionnaire process was ongoing. The contract will be awarded in early 2015.

12 Aug 2014 DRPIC has floated a tender for site preparation work. Site preparation work is expected to start in Q1-2015 and complete during Q1-2016.

18 Jun 2014 DRPIC is expected to appoint a civil contractor to prepare the construction site for the refinery by

18 Jun 2014 The prequalifying process for the EPC contract is expected to start by Q3-2014. The ITB for the EPC contract will be floated in Q2-2015 with a contract award expected in Q2-2016. Commissioning of the plant is scheduled by the end of 2018.

30 Mar 2014 The FEED contract was awarded to Foster Wheeler (UK).

19 Dec 2013 The evaluation of the technical and financial bids for the FEED contract was at the final stage.

05 Nov 2013 The financial bids for the FEED contract were under evaluation. The bids for the Process Technology were also under evaluation.The project completion date was pushed back to Q4-18.

29 Aug 2013 The bids for the FEED contract were submitted. The bidders are:- Bechtel (US)- CB&I Lummus (US)- Foster Wheeler (US)- KBR (US)- Technip (France)

21 Jul 2013 The consultancy works for a detailed design of the oil refinery is being carried out.

11 Apr 2013 The FEED pre-qualification process has been completed. The ITB for the FEED contract is scheduled to be released in mid May 2013.

12 Nov 2012 The FEED-ITB was delayed to Q1 2013.

01 Sep 2012 Shaw Group sold its energy and chemical (E&C) division to French Technip for $300 million.

08 Aug 2012 Shaw group was awarded the PMC contract.

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Date Status

25 Jul 2012 The PMC contract has been awarded. The PMC contract will be officially signed by 8 August 2012. The FEED-ITB will be issued by the end of 2012. The EPC-ITB will be issued in Q3 2013.

May 2012 The PMC contract is expected to be awarded by the end of May 2012.

Mar 2012 The PMC-ITB for the refinery was issued.

Sep 2011 It is understood that the feasibility study has been completed and waiting for approval from the authorities then they will tender for the FEED contract.

Oct 2009 State-owned Oman Oil Company (OOC) and Abu Dhabi’s International Petroleum Investment Co. (IPIC) have signed a cooperation agreement to study the feasibility of building a refinery and petrochemicals complex.

Nov 2008 The project was put on hold due to financial reasons.

Feb 2008 The client is in advanced stage of negotiations with two potential foreign partners on the project. The project has been stalled because of rising EPC costs.

Oct 2007 The feasibility study has been complete and is with the Council of Ministers for approval.

Feb 2007 Invitation to bid for the FEED contract has been released.

17 Dec 2006 The government was in talks with international companies regarding investing in the project.

Dec 2006 Technology bids have been invited for the residual fluidised catalytic cracker and aromatics units,and are due by mid February 2007.

Sep 2006 Bids for the feasibility study contract are under evaluation. The bidders are:- Fluor- Jacobs- WorleyParsons

Sep 2006 Jacobs was awarded the contract for the feasibility study, which is expected to be completed by March 2007.

Aug 2006 Companies were invited to submit bids by 1 September 2006 for a contract to conduct the feasibility study. The invited Companies are:- ABB Lummus Global- Fluor- Foster Wheeler- Jacobs- Mott MacDonald- Technip- WorleyParsons

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Project Scope

Project Finance

The capacities of the refinery will be 230,000 bpd.• 800,000 tpa of styrene.• 300,000 bpd of crude oil.• 1,500,000 million tonnes per annum of polypropylene.• 2,800,000 million tonnes per annum of aromatics.

The scope of work for the refinery includes:• Alkylation unit• Crude distillation unit (CDU)• Vacuum distillation unit (VDU)• Offsites and utilities• Fluid Catalytic Cracker (FCC)• Gas oil recovery column• Desulphurisation unit• LPG sweetening unit• Petrochemical unit• Heavy gasoline sweetening unit• Propylene recovery unit• Gas oil hydrodesulphurisation unit• Sour water stripping unit• Light gasoline sweetening unit• Hydrogen generation unit• Pipeline for feedstock• Export terminal

The scope of work for the feasibility study includes:• Plant configuration• Plot plans• Process streams• Project finance

The site preparation works comprises the excavation and compaction of more than 14 cubic meters of soil.

Duqm Refinery and Petrochemical Industries Company (DRPIC) is the client.

DRPIC is a 50/50 joint venture of:• Oman Oil Company (OOC)• IPIC (Abu Dhabi)

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Project Contractors

PMC PQ Bidders Awarded- - -Technip

EPC PQ Bidders Awarded- Sinopec- Tecnicas Reunidas- Chiyoda Corp.- JGC Corp.- Saipem- GS Engineering & Construction- SK Engineering & Construction- CTCI- Hyundai Engineering & Construction- Samsung Engineering Co.- CB&I- Tecnimont- Fluor Corporation- Petrofac- Daelim- Daewoo Engineering and Construction- Hyundai Engineering Company ltd.

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FEED PQ Bidders Awarded- Bechtel Corporation- KBR (Kellogg Brown & Root)- Technip- CB&I- Foster Wheeler

- Bechtel Corporation- KBR (Kellogg Brown & Root)- Technip- CB&I- Foster Wheeler

- Foster Wheeler

Sub-Contractors

PQ Bidders Awarded--

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- KBC Advanced Technologies Inc.- Allen & Overy LLP- Credit Agricole

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Project Schedules

3Q-2006 Feasibility Study 4Q-2008 On Hold 1Q-2009 PMC ITB 3Q-2012 PMC 2Q-2013 FEED ITB 1Q-2014 FEED 1Q-2015 EPC ITB 4Q-2016 Engineering & Procurement 2Q-2019 Completed

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Project Personnel

Hamed Shahverdi - Lead Mechanical Engineer

DRPIC Available only for DMS Members

Ibrahim Al-Busaidi - Senior Project Engineer


Jacobus Nieuwenhuijze - Project Director


Mubarak Alnaamani - Project Director


Murtadha AbdulAmir Hameeda - Project Engineer


Saleh Al-Amri - Head of Project Systems


Yaqoob Al-Habsi - Interface Manager


Anne Chong - Project Manager

Foster Wheeler Available only for DMS Members

Satyajit Patil - Lead Mechanical Engineer

Foster Wheeler Available only for DMS Members

Abhijit Sharma - Proposals Engineer

GS Engineering and Construction

Available only for DMS Members

Lavern Heggem - Project Manager

Jacobs Available only for DMS Members

Zaid Al Siyabi - Project Manager

Ministry of Oil & Gas Available only for DMS Members

Jamal Almasrouri - Communications Manager

OOC Available only for DMS Members

Julian Winlow - Contract Manager

Technip E&C Limited Available only for DMS Members

Robert McDonald - Project Manager

Technip E&C Limited Available only for DMS Members

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PROJECT BUDGET OUTLOOK 2016-2017

Construction$4.7 Billion

Industrial$970 Million

Infrastructure$4.5 Billion

Infrastructure$6.3 Billion

Petrochemicals$1.3 Billion

Renewables$600 MillionRefining

$340 Million

Power$195 Million

Water$740 Million

Pipeline$955 Million

Oil$70 Million

Pipeline$80 Million

Power$652 Million Refining

$2.1 Billion

Water$907 Million

Construction$2.8 Billion

Gas$1.1 BillionIndustrial

$1.1 Billion

Gas$2.1 Billion

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OMAN UPCOMING OPPORTUNITIES Q1 2016 – Q3 2016

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Project Sector Budget Award Date Status Completion Date

Haya Water - Almudhaibi Sewage Treatment Plant and Sewerage Network Water 120,000,000 2016-Q2 EPC ITB 2018-Q3Duqm Petroleum Terminal Company - Duqm Liquid Jetty Oil 1,000,000,000 2016-Q2 EPC ITB 2018-Q4OTTCO - Ras Markaz Crude Oil Park - Crude Storage Facility Oil 80,000,000 2016-Q2 EPC ITB 2019-Q4OTTCO - Ras Markaz Crude Oil Park - Export Terminal Oil 400,000,000 2016-Q2 EPC ITB 2019-Q4MOTC - Batinah Expressway - Package 8 Infrastructure 300,000,000 2016-Q2 EPC ITB 2019-Q2MOTC - Batinah Expressway - Package 9 Infrastructure 300,000,000 2016-Q2 EPC ITB 2019-Q2MOTC - Batinah Expressway - Package 11 Infrastructure 300,000,000 2016-Q2 EPC ITB 2018-Q2MOTC - Batinah Expressway - Package 7 Infrastructure 300,000,000 2016-Q2 EPC ITB 2018-Q4Omantel - Oman Telecommunications Company Headquarters (Package 6.2) Construction 50,000,000 2016-Q2 EPC ITB 2018-Q4Ministry of Housing - New Residential Area in Liwa (Zone D) Construction 5,000,000 2016-Q2 EPC ITB 2017-Q4OOMCO - Bunkering Terminal and Ancillary Facilities Infrastructure 80,000,000 2016-Q2 EPC ITB 2018-Q2Ministry of Housing - New Residential Area in Liwa (Zone B) Construction 50,000,000 2016-Q2 EPC ITB 2017-Q4Omran - Al Irfan Urban Development Construction 2,000,000,000 2016-Q2 Design 2020-Q2Ministry of Housing - New Residential Area in Liwa (Zone C) Construction 50,000,000 2016-Q2 EPC ITB 2017-Q4Ministry of Health - Sultan Qaboos Hospital Construction 120,000,000 2016-Q2 EPC ITB 2019-Q2MOTC - Sultan Qaboos Port Expansion Infrastructure 390,000,000 2016-Q2 Design 2020-Q2OMPET - Sohar PTA/ PET Petrochemicals 850,000,000 2016-Q2 EPC ITB 2019-Q2Duqm Petroleum Terminal Company - Duqm Liquid Jetty - Topside Facilities Oil 250,000,000 2016-Q2 EPC ITB 2018-Q4Oman Oil Company - Acetic Acid Manufacturing Plant Industrial 600,000,000 2016-Q2 FEED 2019-Q2Majis - Central Aerobic Treatment Plant (CETRPII) Water 30,000,000 2016-Q2 EPC ITB 2018-Q2DDC - Duqm Frontier Town - Phase 2 Construction 156,000,000 2016-Q2 Design 2020-Q1Ministry of Housing - New Residential Area in Liwa - Schools and Health Centre Construction 50,000,000 2016-Q2 Design 2017-Q4MOTC - Batinah Expressway - Package 10 Infrastructure 150,000,000 2016-Q2 EPC ITB 2019-Q2MRMWR - Wadi Al Khawd Flood Protection Dam Infrastructure 140,000,000 2016-Q2 EPC ITB 2019-Q2MRMWR - Al Jufainah Flood Protection Dams (B6) Infrastructure 120,000,000 2016-Q2 EPC ITB 2018-Q2MRMWR - Madinat Al Nahdah and Al Mahag Flood Protection Dams Infrastructure 80,000,000 2016-Q2 EPC ITB 2018-Q2MRMWR - Wadi AL Jifnin Flood Protection dam Infrastructure 110,000,000 2016-Q2 EPC ITB 2018-Q2MRMWR - Wadi Aday Gorge Flood Protection Dams (G2) Infrastructure 80,000,000 2016-Q2 EPC ITB 2018-Q2Orpic - New LR Line from MAF Refinery to PDO Pipeline 45,000,000 2016-Q2 FEED ITB 2017-Q4Occidental - Solar Power Plant Renewable 300,000,000 2016-Q2 Feasibility Study 2018-Q2Muscat Municipality - Muttrah redevelopment Construction 1,240,000,000 2016-Q2 Design 2020-Q1MOTC - Diba - Lima - Khasab Road - Section 2 Infrastructure 1,000,000,000 2016-Q2 EPC ITB 2018-Q2SEZAD - Duqm Special Economic Zone Construction 500,000,000 2016-Q2 Design 2022-Q2Orpic - Long Residue (LR) Line at Mina Al Fahal Refinery Oil 100,000,000 2016-Q2 FEED ITB 2017-Q2Omran - Hotel 3 & Serviced Apartments OCEC Package 9 Construction 90,000,000 2016-Q2 PMC ITB 2019-Q1MOTC - Grade Separated Junctions Along Batinah Highway - Part 3 Infrastructure 50,000,000 2016-Q2 EPC ITB 2018-Q3Sohar Industrial Port Company - Majees Reclamation Infrastructure 190,000,000 2016-Q2 EPC ITB 2018-Q2MOTC - Sohar - Wadi Hibi Road Upgrade Infrastructure 200,000,000 2016-Q2 EPC ITB 2018-Q2OPWP - Salalah IWP Water 300,000,000 2016-Q3 EPC ITB 2019-Q1Oman Oil Company - Salalah Ammonia Plant (Luban) Fertilizers 750,000,000 2016-Q3 EPC ITB 2019-Q2MRMWR - Sewerage Network System for Wilaytat AL-Suwaiq (AL Batinah North) Water 60,000,000 2016-Q3 EPC ITB 2019-Q3Ministry of Agriculture and Fisheries - Duqm Fishery Harbours Infrastructure 259,000,000 2016-Q3 EPC ITB 2019-Q3ORC - National Railway Network - Overview Infrastructure 15,000,000,000 2016-Q3 EPC ITB 2018-Q4Oman Gas Company - Salalah LPG Extraction Gas 100,000,000 2016-Q3 FEED 2019-Q2OPWP - Duqm IWP Water 200,000,000 2016-Q3 EPC ITB 2019-Q4OPWP - Sharqiyah IWP Water 250,000,000 2016-Q3 EPC ITB 2020-Q2Haya Water - Seeb STP - Phase II Water 45,000,000 2016-Q3 FEED 2018-Q3PEIE - Ibri Logistics Area Construction 120,000,000 2016-Q3 Design 2019-Q3Alara Resources Limited - Copper-Gold Processing Plant Mining 45,000,000 2016-Q3 Feasibility Study 2020-Q3Ministry of Housing - Eint Heights Construction 50,000,000 2016-Q3 Design 2020-Q3DRPIC - Duqm Refinery & Petrochemical Complex - Duqm Refinery - Offsites and Utilities Refining 2,000,000,000 2016-Q4 EPC ITB 2019-Q2DRPIC - Duqm Refinery & Petrochemical Complex - Duqm Refinery - Main Process Units Refining 4,000,000,000 2016-Q4 EPC ITB 2019-Q2DRPIC - Duqm Refinery & Petrochemical Complex - Duqm Refinery (Overview) Refining 6,000,000,000 2016-Q4 EPC ITB 2019-Q2Oman Gas Company - Iran to Oman Subsea Natural Gas Pipeline Pipeline 600,000,000 2016-Q4 FEED 2018-Q4Taameer Investment - The Wave Plaza Construction 200,000,000 2016-Q4 Design 2018-Q4Mazoon Dairy Company - Dairy Farm Industrial 260,000,000 2016-Q4 Feasibility Study 2018-Q4Orpic - Flare Gas Recovery System (FGRS) Refining 40,000,000 2016-Q4 EPC ITB 2018-Q1MOTC - Shinas Port Development Infrastructure 400,000,000 2016-Q4 Feasibility Study 2019-Q4MOTC - Masirah Island Causeway Infrastructure 600,000,000 2016-Q4 Feasibility Study 2019-Q4OPWP - Khasab IWP Water 100,000,000 2016-Q4 Feasibility Study 2019-Q4MRMWR - North Al Batinah Flood Protection Scheme Infrastructure 180,000,000 2016-Q4 Feasibility Study 2018-Q4Ministry of Health - Barka Medical City Construction 400,000,000 2016-Q4 Feasibility Study 2020-Q4MOTC - Redevelopment of General Cargo Terminal at Port of Salalah Infrastructure 150,000,000 2016-Q4 PMC ITB 2019-Q4

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