You are currently viewing: News



07-08-2017

Samsung Engineering awarded refinery project in Oman

Samsung Engineering publically announced today, that it received an ITA (Intention To Award) from the Duqm Refinery Petrochemical Industries Company LLC (DRPIC) for the Duqm refinery project package 2 - Utilities & Offsites, located in the southern part of Oman. Samsung Engineering has won this project, in a 50/50 joint venture with Petrofac with a total order value of about $ 2 billion USD.

Oman’s Duqm Refinery, which is part of Duqm Special Economic Zone, awarded three packages for its planned 230,000 barrels-a-day (b/d) refinery. Samsung and Petrofac won package two, the U & O (Utilities & Offsites). The U & O package consists of a utility production facility that produces water, air, steam and electricity essential to the plant, a tank that stores crude oil before and after the refinery, and a sewage treatment facility. The project, which will be executed on an EPC turnkey basis, is expected to be completed in 2021.

With this order, Samsung Engineering was able to reach two goals in one strike - the advancement into the Omani market for the first time and the acquisition of a new client in DRPIC. Especially acquiring DRPIC as a client is a major achievement, since DRPIC is a joint venture between Oman Oil Company (OOC) and Kuwait Petroleum International (KPI), who invest in refinery and petrochemical complexes. Accordingly, Samsung Engineering expects to gain a promising spot in the potential petrochemical project market, which is expected to receive orders next to oil refining. In addition, Samsung Engineering completed the final puzzle of winning contracts in all the Gulf Cooperation Council (GCC) countries with entering Oman.

Samsung Engineering has partnered with Petrofac in this mega project to diversify risks and to strengthen business performance. This JV can further benefit from Petrofac’s wealth of project experience in Oman and moreover since Samsung and Petrofac have already teamed up with KNPC's Clean Fuel Project (CFP) in Kuwait, will be able to fully demonstrate their collaboration know-how in this project.

Choong Heum Park, President and CEO of Samsung Engineering stated, "Samsung Engineering has already accomplished several large U & O projects. We will be able to successfully complete this project and further strengthen our market presence in the GCC, including Oman."

Sponsor : 

Other News Items

Metso strengthens its presence in India with four new distribution agreements

Metso strengthens its presence in India with the signing of four non-exclusive distribution agreements for its valve products. The agreements with Fluidline Systems, ...

21-08-2017

Kelvion releases NW150L stainless steel heat exchanger plates

With its new NW150L stainless steel heat exchanger plates, Kelvion has complemented its range of heat exchanger plates for viscous and particle-containing media by introducing ...

18-08-2017

Saipem wins pipeline contract for Kuwait’s Al Zour refinery

Saipem has been awarded a new contract in the onshore E&C sector worth approximately 850 million USD. Activities involve engineering, procurement, construction and ...

17-08-2017

Calumet Specialty Products to sell superior refinery and related assets

Calumet Specialty Products Partners, L.P, a leading independent producer of specialty hydrocarbon and fuels products, today announced that it has signed definitive agreements ...

14-08-2017

CB&I wins storage project in Saudi Arabia

CB&I today announced it has been awarded a contract by Técnicas Reunidas, S.A. for new product storage tanks that will be part of a clean fuels expansion project ...

14-08-2017

Clough AMEC to provide maintenance services to ammonia facilities in Australia

Clough AMEC has won a landmark contract to provide maintenance services to ammonia facilities in Western Australia that supply international and domestic fertiliser markets ...

11-08-2017

KBR signs agreement with Saudi Aramco to expand in-Kingdom localization efforts

KBR, Inc has entered into a Memorandum of Understanding (MoU) with Saudi Aramco to expand and develop KBR's services for Saudi Aramco in line with the Kingdom of Saudi ...

09-08-2017

Jacobs sign master services agreement with Chevron

Jacobs Engineering Group Inc, signed a Master Services Agreement (MSA) expansion amendment with Chevron Products Company (Chevron) to provide elective construction management ...

09-08-2017

Major turnaround at Neste refinery to complete the planned production structure change

In mid-August, Neste will begin a two-month shutdown at its refinery in Naantali, Finland. The major turnaround will complete the plan first introduced in 2014 to implement ...

09-08-2017

Servomex provides solution for accurate monitoring of sulfur dioxide

As part of its comprehensive emissions monitoring analyzer range, Servomex, the world leader in gas analysis, offers the SERVOPRO SO2, an analyzer that uses pulsed Ultraviolet ...

09-08-2017