Gulf Oil and Gas accountACCOUNT

Petrofac JV Awarded $2B Duqm Refinery Contract in Oman

Source: www.gulfoilandgas.com 8/4/2017, Location: Middle East

Share |
Petrofac, in a 50/50 joint venture with Samsung Engineering, has received notification of intent to award a contract worth approximately US$2 billion with Duqm Refinery and Petrochemical Industries LLC (DRPIC) in the southern part of Oman.

Work on the 47-month project will commence shortly, subject to financial closure and full notice to proceed from DRPIC. Petrofac’s and Samsung’s scope of work includes engineering, procurement, construction, commissioning, training and start-up operations for all the utilities and offsites at Duqm.

A strategic investment for the Sultanate of Oman, and forming the cornerstone of the Duqm Special Economic Zone, the development occupies more than 2,000 acres and, when completed, will have a refining capacity of approximately 230,000 barrels of oil per day.

E Sathyanarayanan, Group Managing Director, Engineering & Construction, commented:
“This significant project represents our twelfth in the country and serves to reinforce Petrofac’s commitment to one of our core markets; one in which we have been present since 1988. 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.”

Engineering Procurement and Construction (EPC) News in Oman >>

India >>  10/5/2017 - OneSubsea, a Schlumberger company, announced an award by Reliance Industries Ltd of an engineering, procurement and construction (EPC) contract for su...
United Kingdom >>  10/3/2017 - Independent Oil and Gas plc (IOG), the development and production focused Oil and Gas Company, is pleased to announce that it has signed a Letter of I...

Equatorial Guinea >>  10/2/2017 - Ophir Equatorial Guinea (Block R) Ltd, a 100% owned subsidiary of Ophir, has awarded the upstream construction contract for the Fortuna FLNG Project t...
United Kingdom >>  10/2/2017 - Subsea 7 today announced the award of an integrated contract by Ophir Energy for the Fortuna LNG project offshore Equatorial Guinea, located in averag...

Related Categories: Civil Works  Civil Works - Finishing works  Construction Contractors  Electrical Works  Engineering Procurement and Construction (EPC)  Engineering Procurement and Construction Management (EPCM)  General  Mechanical Works  Pipe Lines Installations  Steel Works 

Related Articles: Civil Works  Civil Works - Finishing works  Construction Contractors  Electrical Works  Engineering Procurement and Construction (EPC)  Engineering Procurement and Construction Management (EPCM)  General  Mechanical Works  Pipe Lines Installations  Steel Works 


Oman Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |

Oil & Gas Projects in Oman >>

More News

 

Oil & Gas Companies in Oman >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.