22-10-2018

MMEX Resources taps Blanchard Industrial as EPC contractor for West Texas refinery

MMEX Resources Corp, a development stage company focusing on the acquisition, development and financing of oil, gas, refining and infrastructure projects in Texas and South America, and Blanchard Industrial, LLC (BIL), an industry leader in design, engineering, procurement and construction (EPC) solutions, announced today that BIL will be the overall EPC contractor to complete the detailed engineering and to construct the planned Pecos County Crude Distillation Unit refinery previously announced by MMEX.

Jack W. Hanks, President & CEO of MMEX Resources Corp., commented, “We are excited to announce that after several months delay, we have now selected the overall EPC contractor to guide MMEX to financial closing and project completion. Given the  current Permian Basin exponential increase in oil and gas drilling and construction, resulting in 30 plus percent cost increases in steel, cement and labor rates, not to mention all the labor shortages, we have searched for the right EPC firm that can give us and our financial partners the confidence to deliver this project on time and on budget. As a Tier I engineering and construction  company, BIL can do that. To have Blanchard Industrial on board with MMEX as our partner is a giant step forward. ”

MMEX has announced plans to build a  crude oil refinery complex in the Permian Basin Pecos County near Fort Stockton, Texas in two phases, with Phase 1 being a 10,000  BPD Crude Distillation Unit which produces diesel, naphtha and residual fuel oil, and Phase 2 being a full-scale crude oil refinery with capacity of up to 100,000 BPD, producing a full slate of refined products.