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Wed 16 Mar 2016 10:57 AM

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Oman's Galfar awarded $299m construction project

Galfar will build a new central processing facility at Petroleum Development Oman's Yibal Khuff project south west of Muscat

Oman's Galfar awarded $299m construction project
(Image for illustrative purpose only)

Oman's Galfar Engineering has been awarded a 115 million rials ($299.21 million) construction contract by the country's top oil and gas producer, Galfar said on Wednesday.

Galfar will build a new central processing facility at Petroleum Development Oman's (PDO) Yibal Khuff project south west of Muscat, it said in a bourse statement. The contract is duration is 51 months.

"We expect reasonable income from this project," Galfar added.

PDO is 60 percent owned by Oman's government, 34 percent by Royal Dutch Shell, 4 percent by Total and 2 percent by Portugal's Partex, according to its website.

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