Petrofac awarded Duqm Refinery project
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."