SECTOR REPORT Ӏ OIL & GAS
This includes around 2,500 cranes and heavy equipment with an asset value exceeding $1.5 billion. Heavy lifting is one essential for the oil and gas industries; moving large and heavy cargo modules from dockside to project site is another. Al Faris already has the largest on-land transportation fleet in the UAE; it is now in the process of acquiring marine assets for transport of out-of-gauge cargo. And the company is investing more into its energy division: “Industry- wise, 60-70% of our work comes from the oil and gas sector, and it will continue to dominate in years to come” says Pinto.
As confirmation of its
commitment, Al Faris is expanding its fleet with 27 Liebherr mobile cranes ordered for delivery in 2023 and 2024. The deal was struck at Bauma 2022. The order follows 24 mobile cranes, with lifting capacities from 110 to 700 tonnes, delivered by Liebherr in 2022. The new order includes six additional LTM 1300-6.3s. “The concept of the LTM 1300-6.3, with its 90-metre telescopic boom combined with compact
dimensions, is perfect for universal operations here in the Middle East, especially in the energy sector,” said Al Faris shareholder Keonne Pinto. Current traditional energy
projects includes work on the upcoming Borouge expansion, which is a multi-billion-dollar processing plant in Ruwais, and on pivotal projects such as the Hail and Ghasha sour gas offshore development projects (sour gas is gas that contains hydrogen sulphide.) All of these are in Abu Dhabi.
Hariket and Milha have signed a partnership
Transportation of outsized components is also part of Al Faris's Middle East oil sector offerings (see box on p40). It is interesting to note that the
The new TRT 65
from Terex – good, it says, for energy applications
company is not entirely reliant on the fossil fuel sector for its business: it has been involved also in what it describes as ‘important’ sustainable energy projects. Al Faris's Renewable Energy and Energy Solutions company was established in 2019, as a company specialising in the field of renewable energy systems.
CRANES TODAY 35
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