Following completion of the feasibility study and front-end engineering design (FEED) phases, Wood will manage and supervise delivery of the project on BSR's behalf – covering design and engineering review, procurement, and contract management, project controls, quality, HSSE, construction management, and commissioning support.
The US$1.5 billion upgrade and expansion will modernise Vietnam’s first oil refinery which is critical to the country’s energy security. Commissioning is scheduled to begin in 2028, with the expansion increasing refining capacity to 171 000 bpd and adding six proprietary technology units which will enable the site to process varying types of crude oil.
The upgraded facility will also produce fuels that meet Euro 5 emission standards, supporting Vietnam's environmental objectives and regulatory requirements.
At a signing ceremony in Hanoi earlier this month, John Mtanios, Wood's President of APAC, said: "We are delighted to continue our long-standing partnership with BSR on this strategically important project for Vietnam. Having supported BSR for more than 30 years, delivering feasibility Studies, FEED, and PMC services, we are proud to contribute to the country's energy security ambitions while supporting the production of cleaner, more sustainable fuels."
BSR is a subsidiary of Vietnam National Industry – Energy Group (Petrovietnam).