Invitation to bid has been issued for the main contract on this scheme. Commercial bids are expected to be submitted on October 13, 2022.
Commercial bids submission date has been extended until October 31, 2022.
Client is nearing its decision to award the EPC contract in February 2023. The leading bidders for the multiple contracts include McDermott of the US; Abu Dhabi’s National Petroleum Construction Company; Italy’s Saipem; a pairing of India’s Larsen & Toubro and Oslo-listed Subsea 7, and a pairing of UK-listed Lamprell and Dutch player Boskalis. Along with the five key bidders for the most recent LTA tenders, the other key players are Malaysia’s Sapura Energy; China’s Offshore Oil Engineering Corporation; South Korea’s Hyundai Heavy Industries; Dynamic Industries of the US; and a grouping of Technip Energies and Malaysia Marine & Heavy Engineering. Four to five key LTA players submitted technical and commercial offers for the EPC project in 2022.
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