Samsung Engineering, the first and largest engineering company in the Republic of Korea, announced they received a letter of award (LOA) for a carbon black and delayed coker unit (CBDC) from Takreer (Abu Dhabi Oil Refining Company). At a value of $2.48 billion USD, it is the eighth order received in five years from ADNOC, the national oil company of UAE and the parent company of TAKREER.
The CBDC units will be located in the refining complex in Ruwais, west of Abu Dhabi, with a capacity of 40,000 tons of carbon black per year and 30,000 barrels of crude oil a day. Samsung Engineering will be providing project management services for the engineering, procurement, construction, commissioning processes on a lump-sum turnkey basis and is scheduled for completion by December 2015.
Samsung Engineering President & CEO Park Ki-Seok remarked, “This award solidifies Samsung Engineering’s project management and engineering expertise as well as our strong partnership with TAKREER. We look forward to executing this landmark project to the highest standards.”
This is not the first time ADNOC has entrusted a large scale project to Samsung Engineering. In 2009, ADNOC awarded the company with not only the Ruwais Refinery Utilities & Offsites package worth $2.73 billion USD, but also the responsibility to oversee all packages of the $10 billion USD Ruwais Refinery Expansion as the official interface manager.