In a 50/50 joint venture, Samsung Engineering and Petrofac have received notification of intent by Duqm Refinery and Petrochemical Industries LLC (DRPIC) for a contract worth approximately US$2 billion in southern Oman.
Petrofac and Samsung’s scope of work includes engineering, procurement, construction, commissioning, training and start-up operations for all of the utilities and offsites at Duqm. Work on the 47 month project will commence soon, subject to financial closure and full notice to proceed from DRPIC.
A strategic investment for the Sultanate of Oman, and forming the cornerstone of the Duqm Special Economic Zone, the development occupies more than 2000 acres and, when completed, will have a refining capacity of approximately 230 000 bpd of oil.
E Sathyanarayanan, Group Managing Director, Engineering and Construction, commented: “This significant project represents our 12th in the country […]. Furthermore, it provides a valuable opportunity for us to continue to increase in-country value through engaging with the local supply chain and recruitment of local resources.
“We are very much looking forward to working with Samsung on this project and growing our relationship with DRPIC.”
Read the article online at: https://www.hydrocarbonengineering.com/refining/07082017/drpic-to-award-us2-billion-contract/