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  Libya oil project expected to progress despite Petrofac collapse

  31 October 2025

  

   

  The tender process for Libya’s 6J North Gialo oil field development project is expected to progress following Petrofac’s announcement that it has gone into administration, according to industry sources.

  UK-based Petrofac is one of just two companies that submitted bids for the project. The other is Egypt-based Petrojet.

  In September, MEED revealed that the bids had been submitted for the project and were under evaluation.

  The client on the project is Libya’s Waha Oil Company and Petrofac completed the front-end engineering and design (feed) for the project in 2020.

  Waha is a joint venture of Libya’s National Oil Corporation (NOC), France’s TotalEnergies and US-based ConocoPhillips.

  Commenting on the impact of Petrofac’s insolvency, one industry source said: “This has definitely increased uncertainty for the project.

  “It could potentially mean that this contract is retendered, but there is a lot of confidence that this tender will still go ahead in some form.

  “Waha Oil and Libya’s NOC have made it clear that this project is a priority and they want it to go ahead.

  “Progress is still expected on this tender, but it is possible that there will be more delays before this contract is awarded and signed.”

  The 6J North Gialo field development project is part of a series of tenders that are collectively expected to be worth $1bn.

  The three projects are:

  • NC98
  • Gialo 3
  • 6J North Gialo

  All three projects will develop Libyan reservoirs that have not yet been tapped.

  The 6J North Gialo project was the first to be tendered and it is expected to be followed by NC98, with the Gialo 3 project likely to be tendered last.

  Together, the projects are expected to double Waha’s production from about 300,000 barrels a day (b/d) of oil to 600,000 b/d. The Waha concession covers 13 million acres.

  

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  Wil Crisp
• 
  Oman invites consultancy bids for wind and solar IPPs

  31 October 2025

  Oman state offtaker Nama Power & Water Procurement Company (Nama PWP) has invited bids for financial and commercial consultancy services for the development of renewable energy independent power producer (IPP) projects in Oman.

  The tender, referenced under OPWP/2025/039, covers planned solar and wind projects.

  The bid submission deadline is 13 November.

  According to the company, the selected consultant will advise on structuring, financial modelling, risk assessment and transaction support for the procurement of future renewable IPP projects.

  Nama PWP, part of the government-owned Nama Group, has been driving the country’s energy transition through multiple solar and wind IPPs in Dhofar, Ibri, Manah and other regions.

  In October, it issued a separate tender for supervisory consultancy services for the Duqm, Sadah and Mahout wind IPPs.

  The bid submission deadline is 20 November.

  The three IPPs are part of Nama PWP's plans to procure five wind power stations with a combined capacity of 1,171MW.

  The planned schemes and their capacities are:

  • Dhofar 2: 132MW
  • Sadah: 99MW
  • Duqm: 270MW
  • Mahout: 400MW
  • Jaalan Bani Bu Ali: 270MW

  MEED understands that the deadline for supervisory consultancy services bids for the Dhofar 2 and Jaalan Ban Bu Ali projects has now closed and these bids are in the evaluation stage.

  

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  Mark Dowdall
• 
  Contractor progresses with Qatar LNG decarbonisation project

  30 October 2025

  

  Engineering, procurement and construction (EPC) works are progressing on an estimated $2bn to $2.5bn carbon dioxide (CO2) sequestration complex project of QatarEnergy LNG covering its liquefied natural gas (LNG) production operations in Qatar’s Ras Laffan Industrial City (RLIC).

  Once commissioned, the planned sequestration facility will be capable of capturing 4.3 million tonnes a year (t/y) of CO2 from QatarEnergy LNG’s production operations in RLIC.

  QatarEnergy LNG, a subsidiary of state enterprise QatarEnergy, awarded the main EPC contract for the CO2 sequestration project to South Korean contractor Samsung C&T, sources told MEED.

  The letter of award for the EPC contract was issued by QatarEnergy LNG to Samsung C&T on 27 May, according to a source.

  The following contractors are among those that are understood to have submitted bids in April for EPC works on the QatarEnergy LNG CO2 sequestration project:

  • Chiyoda (Japan) / Consolidated Contractors Company (Greece/Lebanon)
  • Larsen & Toubro Energy Hydrocarbon (India)
  • Samsung C&T (South Korea)

  Based on the initial evaluation of bids, Larsen & Toubro Energy Hydrocarbon is understood to have pulled ahead in the race for the project’s contract, MEED previously reported. However, sources, at the time, added that the situation could change.

  QatarEnergy LNG awarded Australia-headquartered consultancy Worley a contract in September 2023 to execute the front-end engineering and design (feed) work on the project and to prepare the EPC scope of work.

  CO2 sequestration facility

  The planned sequestration facility will capture CO2 from seven LNG trains at the QG North complex and three LNG trains at the QG South complex.

  The CO2 captured from the trains is to be dehydrated, compressed and transferred via a new 154-kilometre pipeline, to be injected into wells at the Dukhan oil field development onshore Qatar for a related enhanced oil recovery pilot scheme.

  The pilot project is part of QatarEnergy’s long-term strategy for the redevelopment of the Dukhan fields that will contribute to the recovery of additional crude.

  The detailed EPC scope of work on the CO2 sequestration project covers the following:

  • QG North complex:
    • Installation of four new electric-driven compressors
    • New power substation for power import from Kahramaa 65MW
    • New ITR for DCS/ESD/F&G
    • Tie-ins with utility units
    • Dehydration package
    • Pig launcher
       
  • QG South complex:
    • Installation of two new electric-driven compressors
    • Integration with South injection system unit 85
    • Solvent reformulation for South trains 1/23
    • New power substation for power import from Kahramaa 35MW
    • New SIH for DCS/ESD/F&G
    • Tie-ins with utility units
    • Dehydration package
    • Chillers package
    • Pig launcher
       
  • RLIC corridors
    • Common 22-inch export pipeline stretching 18 kilometres
    • Power tie-in RLF3 with Kahramaa
    • Electric cables
    • Fiber optic cable
       
  • Lot W15
    • Six injection wells by QatarEnergy LNG subsurface
    • Six injection flowlines and metring skid
    • Six wellhead control panels
    • Power tie-in from Barzan
    • Substation
    • Pig receiver
    • Access road and fencing

  The project will directly reduce CO2 emissions because some of the CO2 injected into wells at the Dukhan oil field will remain in the reservoir after injection.

  The CO2 sequestration complex in RLIC is expected to start operations by the end of 2027.

  North Field LNG expansion

  Meanwhile, QatarEnergy LNG continues to press forward with its North Field LNG expansion programme.

  The estimated $40bn North Field LNG expansion programme aims to raise Qatar’s total LNG production capacity from 77.5 million t/y to 142 million t/y in three phases.

  QatarEnergy is understood to have spent almost $30bn on the two phases of the North Field LNG expansion programme, North Field East and North Field South, which will increase its LNG production capacity from 77.5 million t/y to 126 million t/y by 2028.

  EPC works on the two projects are making progress.

  QatarEnergy awarded the main EPC contracts in 2021 for the North Field East project, which is projected to increase LNG output to 110 million t/y by this year. The main $13bn EPC package, which covers the engineering, procurement, construction and installation of four LNG trains with capacities of 8 million t/y each, was awarded to a consortium of Japan’s Chiyoda Corporation and France’s Technip Energies in February 2021.

  QatarEnergy awarded the main EPC contract for the North Field South LNG project, worth $10bn, in May 2023. The contract covers two large LNG processing trains, each with a capacity of 7.8 million t/y, and was awarded to a consortium of Technip Energies and Lebanon-based Consolidated Contractors Company.

  When fully commissioned, the first two phases of the North Field LNG expansion programme will contribute a total supply capacity of 48 million t/y to the global LNG market.

  In February 2024, QatarEnergy announced the third phase of its North Field LNG expansion programme. To be called North Field West, the project will further increase QatarEnergy’s LNG production capacity to 142 million t/y when it is commissioned by 2030.

  The North Field West project will have an LNG production capacity of 16 million t/y, which is expected to be achieved through two 8 million t/y LNG processing trains, based on the two earlier phases of QatarEnergy’s LNG expansion programme. The new project will draw feedstock for LNG production from the western zone of Qatar’s North Field offshore gas reserve.

  The state enterprise recently started a prequalification process for the main tendering exercise for dredging works on the North Field West project.

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  Indrajit Sen
• 
  New Murabba signs up consultants for project delivery

  30 October 2025

  Register for MEED’s 14-day trial access 

  Saudi Arabia’s New Murabba Development Company (NMDC) has signed agreements with three US-based engineering firms to undertake design works on various assets at the New Murabba downtown project in Riyadh.

  The client signed an agreement with New York-headquartered firm Kohn Pedersen Fox (KPF) to lead early design works for the first residential community within the New Murabba development.

  The other agreements were signed with Aecom and Jacobs, who have been appointed as the lead design consultants for the Mukaab district.

  The latest agreements build on NMDC’s August signing of a memorandum of understanding (MoU) with another US-based firm, Falcons Creative Group, to develop the creative vision and immersive experiences for the Mukaab project at the New Murabba development.

  The Mukaab is a Najdi-inspired landmark that is set to become one of the largest buildings in the world, standing 400 metres high, 400 metres wide and 400 metres long.

  Internally, it will feature a tower atop a spiral base, with 2 million square metres (sq m) of floor space dedicated to hospitality. The structure will include commercial areas, cultural and tourist attractions, residential and hotel units and recreational facilities.

  This latest announcement follows other MoUs that NMDC has signed in recent months. In August, NMDC signed an MoU with Alat, a Public Investment Fund-backed company, to explore the development and integration of technologies supporting the Mukaab project.

  This MoU also covers potential future technology needs across the wider New Murabba downtown development. 

  This followed NMDC’s signing of an MoU with South Korea’s Heerim Architects & Planners in July to explore additional design work for assets within the 14-square-kilometre New Murabba downtown project.

  In July, NMDC signed an MoU with another South Korean firm, Naver Cloud Corporation, to explore technological solutions for delivering the New Murabba downtown project.

  Also in July, NMDC announced the completion of excavation works for the Mukaab, the centrepiece of the overall development.

  Downtown destination

  The New Murabba destination will have a total floor area of more than 25 million sq m and will feature more than 104,000 residential units, 9,000 hotel rooms and over 980,000 sq m of retail space.

  The scheme will include 1.4 million sq m of office space, 620,000 sq m of leisure facilities and 1.8 million sq m of space dedicated to community facilities.

  The project will be developed around the concept of sustainability and will include green spaces and walking and cycling paths to promote active lifestyles and community activities.

  The living, working and entertainment facilities will be developed within a 15-minute walking radius. The area will use an internal transport system and will be about a 20-minute drive from the airport.

  The downtown area will feature a museum; a technology and design university; an immersive, multipurpose theatre; and more than 80 entertainment and cultural venues.

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  Yasir Iqbal
• 
  Read the November 2025 MEED Business Review

  30 October 2025

  Download / Subscribe / 14-day trial access

  The GCC is projected to add at least 80 million tonnes a year (t/y) of liquefied natural gas (LNG) capacity by 2030, placing it firmly among the world’s top three producing regions.

  With soaring global demand for the super-chilled fuel, and regional producers committing tens of billions of dollars to significantly ramp up output, MEED’s latest issue focuses on the outlook for the Gulf’s LNG sector as it enters a new, prolific phase. 

  Beyond the Gulf, MEED finds other regional countries also investing in building LNG import infrastructure, driven by a need to increase the share of gas in their energy mixes.

  This month’s market focus covers the UAE, where physical and digital infrastructure projects are building a connected economy of the future. The UAE is demonstrating, once again, that strategic investment remains the cornerstone of its national progress.

  MEED’s latest issue also includes a report on the Gulf's project finance market, which is continuing to attract strong interest from local and international lenders. Iraq, meanwhile, is revealed as the leader in non-GCC project finance activity.

  This issue is bursting with analysis. The team looks at Abu Dhabi’s latest move to position itself at the forefront of the global transition to low-carbon heavy industry; examines the way in which Riyadh-based Digital Cooperation Organisation is using data to define and measure the digital economy; and asks if Saudi Arabia’s housing boom is leaving its citizens behind.  

  MEED and Saudi Arabia’s National Centre for Privatisation & PPP also showcase the scale and variety of opportunities available in the kingdom’s $190bn pipeline of public‑private partnership projects.

  We hope our valued subscribers enjoy the November 2025 issue of MEED Business Review. 

  

   

  Must-read sections in the November 2025 issue of MEED Business Review include:

  > AGENDA: 
  > Gulf LNG sector enters a new prolific phase
  > Mena LNG infrastructure spending rises

  INDUSTRY REPORT: PROJECT FINANCE > Region sees evolving project finance demand > Iraq leads non-GCC project finance activity

  > PPPs: NCP showcases private sector project opportunities in Saudi Arabia

  > GREEN STEEL: Abu Dhabi takes the lead in green steel transition

  > DIGITISATION: Riyadh-based organisation drives digital growth

  > LEADERSHIP: Saudi Arabia’s housing boom risks leaving citizens behind

  > UAE MARKET REPORT: 
  > COMMENT: Investment shapes UAE growth story
  > GOVERNMENT: Public spending ties the UAE closer together
  > ECONOMY: UAE growth expansion beats expectations
  > BANKING: Stability is the watchword for UAE lenders
  > OIL & GAS: Adnoc strives to build long-term upstream potential
  > PETROCHEMICALS: Taziz fulfils Abu Dhabi’s chemical ambitions at pace
  > POWER: UAE power sector hits record $8.9bn in contracts
  > WATER: Tunnel projects set pace for UAE water sector
  > CONSTRUCTION: UAE construction faces delivery pressures
  > TRANSPORT: $70bn infrastructure schemes underpin UAE economic expansion
  > DATABANK: UAE growth exceeds predictions

  > MEED COMMENTS: 
  > Neom omitted from Saudi pre-budget statement
  > Qiddiya high-speed rail PPP is a bold but risky move
  > Wood leadership change holds promise for future
  > Power market reshapes contractor landscape

  > GULF PROJECTS INDEX: Gulf projects market leaders return to fore

  > SEPTEMBER 2025 CONTRACTS: Qatar leads awards as regional activity slows

  > ECONOMIC DATA: October 2025: Data drives regional projects

  > OPINION: Peace mission impossible

  > BUSINESS OUTLOOK: Finance, oil and gas, construction, power and water contracts

  To see previous issues of MEED Business Review, please click here

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  MEED Editorial