Download - Stork Technical Services

18
AIM December 2012
Mega-projects and mega
in the Middle
The Gulf states (GCC) of the Middle East produce about 20 percent of daily global
oil consumption (over 20 million barrels a day) and more than 15 percent of world
petrochemicals products, making the region a prime growth area for Stork
Technical Services’ brownfield maintenance.
Hani Almaimani, Vice President -
Middle East, says long-term
investments in oil, gas and
petrochemicals point to industry
sustainability for many decades.
“The whole region economy is based on
and driven by O&G and Petrochemicals
exports,” Almaimani explains. “There are
many new mega-projects under
construction to increase upstream and
downstream production and refining
capabilities. In addition, the availability
of low cost petrochemicals feedstock has
made investment in petrochemicals
lucrative. The Middle East O&G,
Petrochemicals and Power output
capacities are set to grow by 5 percent
per year over the coming five years.”
These investments mean opportunities
for Stork Technical Services, including a
SATORP Saudi Aramco/Total refinery
project and construction of one of the
world’s largest petrochemical plants,
SADARA, a joint venture of Saudi
Aramco and The Dow Chemical
Company.
“Stork Technical Services will provide
greenfield services to SADARA and other
projects starting in 2013. We have
been hiring more people, working with
EPC (engineering, procurement and
construction) contractors, and doing the
groundwork to get ready for this work,”
Almaimani says.
For a joint venture of Saudi Aramco
and Sinopec, Stork Technical Services
will provide greenfield services for a
grassroots refinery on the west coast of
Saudi Arabia. The company is also
involved in the IGD gas processing
plant expansion for Gasco, an affiliate
of ADNOC.
In addition, in 2011 Stork Technical
Services expanded our capabilities in
the Middle East to include turnaround
and shutdown services under the
Asset Management business line.
Almaimani says the company was
engaged in a major turnaround for a
SABIC affiliate this year and is
tendering for additional work.
“The existing aged refineries and plants
have frequent shutdowns, usually
scheduled during winter from October
through April,” Almaimani explains.
“Our major focus during this period is
getting our share of the business.
We have secured some and are tendering
for others for the coming quarters.”
He pointed out that executing quality
turnarounds and shutdowns opens the
door to introduce other brownfield
services to clients, such as