Tuesday, February 20, 2018

Samsung Engineering Signs another Contract for (DRPIC) Oman Refinery Project !!

Image result for Duqm Refinery

Samsung Engineering announced on Monday that it clinched a formal contract for a project on building key facilities for an oil refinery in Oman worth one-point-one trillion won.
The move comes as the South Korean company and Britain’s PETROFAC secured last year a two-point-two trillion won contract for a 50/50 joint venture at the Duqm Refinery, located 550 kilometers south of Muscat.

The companies have received notification of intent to award the U&O (utilities and offsites) package, and expect to start work on the 47-month project subject to financial closure and full notice to proceed from Duqm Refinery and Petrochemical Industries LLC (DRPIC).

Image result for Duqm Refinery

The U&O contract 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 Duqm refinery in Oman, part of Duqm special economic zone, is being developed over 2,000 acres and is expected to have a capacity of 230,000 bbl/d when completed.

Choong-Heum Park, president and CEO of Samsung Engineering said: “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.”

The Gulf Cooperation Council (GCC) is a regional intergovernmental political and economic union consisting of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.


Source : Samsung Magazine

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