Oman-based Maktoom Trading & Contracting has submitted the lowest bid for a contract to maintain and install beam pump units in Bahrain.
Beam pump units translate rotary motion from a crankshaft to a linear reciprocating motion for the purpose of transferring mechanical power to a down-hole oil well pump.
Maktoom submitted a bid of $6.1m for the contract.
The client on the project is Bahrain’s state-owned Tatweer Petroleum.
Eight companies submitted bids:
- Maktoom Trading & Contracting: $6,078,529
- Berba: $6,453,759
- Rukun al-Yaqeen International: $6,481,101
- Ramsis Engineering Company: $7,075,454
- Aztec Services: $8,733,774
- Amnan Energy & Technologies: $12,779,709
- Apergy: $14,000,709
- Nass Industrial Services: $34,713,820
In Bahrain, contracts are not always awarded to the lowest bidder, although price is the principal factor when contracts are awarded.
If technical and other criteria are not met by the lowest bidder then the contract can be awarded to another company.
Tatweer Petroleum is wholly owned by Nogaholding, the business and investment arm of Bahrain's National Oil & Gas Authority (Noga), which acts as the steward for the government’s investments in energy-related companies.
Tatweer Petroleum is responsible for all upstream operations in Bahrain, including oil and gas exploration, development and production activities, in addition to gas distribution and sales.
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