Técnicas Reunidas signs a framework agreement to bid for engineering projects worth 1 billion dollars in Abu Dhabi
The Abu Dhabi National Oil Company (ADNOC) has chosen Técnicas Reunidas to sign a framework agreement with the aim of allowing the Spanish company to compete for contracts worth a total of 850 million euros. These contracts refer to the development of the conceptual engineering and advanced engineering services (FEED) required for the execution of various projects that the Arab company, one of the largest in the world, is carrying out. Técnicas Reunidas considers these projects to be essential for fulfilling its 2030 strategy.
According to ADNOC, the criteria applied to select the bids included establishing an optimal schedule for the execution of the works, assuming competitive costs, considering long-term contracts and, lastly, applying a management process capable of providing high visibility of the contractor's performance. "We are very pleased to engage with the eight leading contractors who have been selected to provide world-class engineering expertise on our strategic projects across our value chain," said ADNOC's Executive Director of People, Technology and Corporate Support, Abdelmuneim Seïf Al Kindy.
Técnicas Reunidas will participate in these projects through a joint venture with its local partner, the National Petroleum Construction Company (NPCC), and will compete with seven other leading international engineering firms. The other international firms competing for the contracts are AMEC International (Wood Group), Fluor, McDermott, Mott MacDonald, SNC-Lavalin International Arabia Limited (Kentech Group), Technip Energies and Worley.
The commercial director of Técnicas Reunidas, Arturo Crossley, underlined that "the signing of this framework agreement is a positive recognition of the competitive level of our company and its capacity to establish reliable and lasting relationships with the main clients in the region". The term of the framework agreement signed by the Spanish company will run from 2021-2026, with an option to extend for a further two years.
The Spanish company Técnicas Reunidas is one of the most important in its sector on an international scale, with a presence in 25 countries and a track record that totals more than 1,000 industrial plants in its 60 years of experience. Its activity focuses on engineering projects, the development of industrial plants for the production of clean fuels and petrochemical products, the production and processing of natural gas, and the promotion of advanced low carbon emission technologies, such as green hydrogen, CO2 sequestration and capture, biofuels, waste recovery, etc. It has more than 7,500 employees, most of them highly qualified engineers, and its revenues reached €3.5 billion in 2020.
