Galfar secures civil works contract from Oxy

Oman-based Galfar Engineering & Contracting has announced that it has secured a civil works contract from Occidental Oman (Oxy), an oil and gas exploration and production company, worth USD 48 mln.

The entire contract will be executed within a period of 5 years. If the extension option for 2 years is mutually agreed, Galfar said the potential associated additional contract value is estimated to be USD 17 mln.