Top 14 Oil and Gas EPC Companies in the World

The global oil and gas EPC market size reached 50.7 Billion in 2023. Oil and gas EPC refers to the engineering, procurement, and construction of projects related to the exploration, production, transportation, and processing of oil and gas resources. EPC companies in the oil and gas industry are responsible for managing the entire project lifecycle from the initial design and engineering phase to the procurement of materials and equipment to the construction and commissioning of the project. During the engineering phase, the detailed designs and plans for the project are developed, taking into account the geological conditions of the site, the type of resources being extracted, and the environmental and regulatory requirements. During the procurement phase, the necessary materials and equipment are identified and sourced, and negotiations with suppliers are conducted to secure the best possible prices and delivery timelines. Whereas, during the construction phase, the physical construction of the project is monitored, contractors and subcontractors are managed, and completion of the project on time is ensured, within budget, and to the required quality standards. Consequently, the EPC model is a solution for the oil and gas industry, offering a single point of responsibility for the entire project, from start to finish. As per the analysis of the IMARC Group, the top companies in the oil and gas EPC market are extensively investing in expanding their operations and increasing their market share. They are also undergoing strategic partnerships to leverage their expertise and expand their reach. Moreover, the leading key players are introducing numerous EPC solutions that enhance efficiency, reduce costs, and improve safety. Looking forward, IMARC Group expects the market to reach US$ 76.3 Billion by 2032, exhibiting a growth rate (CAGR) of 4.4% during 2024-2032.

Learn about opportunities, challenges, and trends in the global oil and gas EPC market with IMARC’s market research report. Try a free sample today!

List of Top Companies and Manufacturers Operating in the Oil and Gas EPC Industry Worldwide

The global oil and gas EPC market has several major players including Bechtel Corporation, Fluor Corporation, Hyundai Heavy Industries Co. Ltd. (HD Hyundai), John Wood Group Plc, KBR Inc., Larsen & Toubro Limited, McDermott International Ltd., National Petroleum Construction Company, Petrofac Limited, Saipem S.p.A. (Eni S.p.A.), Samsung Engineering Co. Ltd., TechnipFMC Plc, Tecnicas Reunidas S.A., and WorleyParsons Limited. More information about these companies has been provided below.

1. Bechtel Corporation

Bechtel Corporation is an engineering and construction company that provides EPC services for a wide range of industries, including oil and gas. With a history spanning over 120 years, Bechtel has built a reputation for its expertise in developing large-scale projects, such as refineries, LNG terminals, and petrochemical plants. The company is known for its ability to manage projects from conception to completion, offering a range of services from engineering and procurement to construction and project management. Bechtel has a global presence and has completed projects in over 160 countries, making it one of the largest EPC companies in the world.

2.Fluor Corporation

Fluor Corporation is a global engineering, procurement and construction company. Fluor is well renowned for its expertise in project management and engineering. They have experience in developing complex projects, such as offshore platforms, pipelines, and LNG facilities, and offer a range of services, including feasibility studies, engineering, procurement, construction, and project management. Fluor is committed to sustainable development and has received recognition for their efforts to reduce environmental impacts and promote social responsibility. It is one of the largest EPC companies in the world with a diverse portfolio of projects across various industries. 

3. Hyundai Heavy Industries Co. Ltd. (HD Hyundai)

Hyundai Heavy Industries Co. Ltd. is a South Korean company that provides EPC services primarily for the oil and gas industry. The company has an expertise in developing large-scale projects, such as offshore platforms, refineries, and petrochemical plants, and offer a range of services, including engineering, procurement, and construction. Hyundai Heavy Industries has a global presence and completed projects in various countries around the world, including the Middle East and Asia. It is committed to sustainable development and have implemented various initiatives to reduce environmental impacts, improve energy efficiency, and promote social responsibility. As one of the leading EPC companies in South Korea, Hyundai Heavy Industries is well-positioned to capitalize on the growth of the oil and gas industry in the region.

4. John Wood Group Plc

John Wood Group PLC is a world’s leading consulting and engineering company operating across energy and materials markets. It offers a range of services, including engineering, procurement, construction, and project management, and has expertise in developing projects across the oil and gas value chain, from upstream to downstream. It is committed to sustainable development and has implemented various initiatives to reduce environmental impacts, improve energy efficiency, and promote social responsibility. Wood Group is one of the leading EPC companies in the UK and is well-positioned to capitalize on the growth of the oil and gas industry in Europe and beyond.

5. KBR Inc

KBR Inc. is one of the world’s premiere engineering, procurement, construction (EPC) and services companies. In 2006, the company separated from Halliburton and completed a successful initial public offering on the New York Stock Exchange. And through acquisitions, including Ecoplanning, Energo, Granherne, GVA, HTSI, PLINKE, SGT, Weatherly, Wyle, and Centauri, the company has grown to provide comprehensive science, technology, and engineering solutions for a wide range of markets, from aerospace and defense to industrial to intelligence and beyond.

6.Larsen & Toubro Limited

Larsen & Toubro Limited (L&T) is one of the largest and most respected companies in India's private sector. With over 80 years of a strong, customer-focused approach and a continuous quest for world-class quality, L&T has unmatched capabilities across Technology, Engineering, Construction, and Manufacturing, and maintains leadership in all its major lines of business. A thrust on international business over the years has seen L&T's global footprint growing steadily. Moreover, the company has manufacturing facilities in key geographies, and offices and customers in over 30 countries.

7. McDermott International Ltd.

McDermott International Ltd. is a is a premier, fully-integrated provider of engineering and construction solutions to the energy industry. The customers of the company trust its technology-driven approach to design and build infrastructure solutions to responsibly transport and transform oil and gas into the products the world needs today. From concept to commissioning, the company’s expertise and comprehensive solutions deliver certainty, innovation and added value to energy projects around the world. It is called the “One McDermott Way.” Moreover, McDermott's locally-focused and globally-integrated resources include more than 30,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world.

8. National Petroleum Construction Company 

National Petroleum Construction Company (NPCC) is a world-class EPC company that provides total EPC solutions to both offshore and onshore oil and gas sectors. It operates in Arabian Gulf, South Asia and South East Asia and has future plans to expand its operations to Africa and Caspian region. NPCC provides innovative basic, detailed and offshore engineering solutions, utilizing the latest and most advanced design software.

9. Petrofac Limited

Petrofac has grown to become one of the leading oilfield service providers in the world, with a strong reputation for delivering projects on time and on budget. The company's services include engineering, procurement, and construction (EPC) projects, as well as operations and maintenance (O&M) services for existing facilities. Petrofac's EPCIC services cover a range of areas, including offshore and onshore oil and gas production facilities, refineries, petrochemical plants, and renewable energy projects such as wind farms and solar power plants. The company has a strong track record in executing large-scale projects, including some of the world's largest oil and gas facilities.

10. Saipem S.p.A. (Eni S.p.A.)

Saipem S.p.A. is a global engineering and construction company that provides services to the energy and infrastructure sectors. The company has a presence in more than 60 countries worldwide. Saipem offers a range of services, including engineering, procurement, construction, installation, and commissioning (EPCIC) services for offshore and onshore oil and gas production facilities, pipelines, refineries, petrochemical plants, and renewable energy projects such as wind farms and solar power plants. The company is also involved in the construction of large-scale infrastructure projects such as bridges, tunnels, and airports. Saipem's EPCIC services cover the entire project life cycle, from feasibility studies and conceptual design to detailed engineering, procurement, construction, installation, and commissioning.

11. Samsung Engineering Co. Ltd.

Samsung Engineering is a specialized EPC company that provides comprehensive solutions across all areas of the plant industry. With great pride for company’s pioneering role in the history of the Korean plant industry in the past 40 years, it has successfully performed numerous projects around the world and grew into a globally competitive engineering company. Furthermore, the company continuously expands its business across the engineering industry, including oil and gas processing, refinery, petrochemical, industrial, environmental, BIO, and green solution areas. Based on its extensive experience, accumulated technologies and talented resources, it provides various services from feasibility studies to engineering, procurement, construction, commissioning and O&M.

12. TechnipFMC Plc

TechnipFMC Plc is a global leader in providing engineering, procurement, construction, and installation (EPCI) services for the energy industry. The company was formed through the merger of Technip and FMC Technologies, two leading providers of oil and gas services. TechnipFMC provides a wide range of services to the upstream, midstream, and downstream sectors of the oil and gas industry. These services include designing, building, and maintaining offshore and onshore production facilities, pipelines, and refineries. TechnipFMC offers a range of advanced subsea technologies and systems, including subsea production systems, subsea processing systems, and subsea power and control systems. These technologies enable clients to access and produce oil and gas reserves in deepwater and ultra-deepwater environments.

13 Tecnicas Reunidas S.A.

Técnicas Reunidas S.A. is a global engineering and construction company that specializes in the design, engineering, procurement, and construction (EPC) of oil and gas facilities, petrochemical plants, and renewable energy projects. The company has a presence in more than 40 countries worldwide. Técnicas Reunidas offers a wide range of services, including front-end engineering design (FEED), detailed engineering, procurement, construction, and commissioning (EPCC) services. The company has extensive experience in executing large-scale projects, including some of the world's largest oil and gas facilities, and has a strong reputation for delivering projects on time and on budget. In addition to its core services, Técnicas Reunidas also offers a range of renewable energy services, including the design and construction of solar and wind power plants.

14. WorleyParsons Limited

WorleyParsons Limited is a global engineering and project delivery company that provides services to the energy, chemicals, and resources sectors. The company partners with its customers to address its most critical challenges at every stage of its projects: from initial concepts to sustaining and enhancing its assets. And it also provides smarter, bolder solutions while delivering its own sustainability commitments. It has 51,000 bright minds across 46 countries all driven by a common purpose, delivering a more sustainable world. Moreover, WorleyParsons Limited delivers projects and provides engineering, procurement and construction expertise to the upstream, midstream, chemicals, power, and mining and minerals sectors.

About Author: