Samsung Engineering, one of the world’s leading engineering, procurement, construction, and project management (EPC&PM) companies, announced, that it signed on the 31st July 2019 a contract for a refinery project in Mexico with PEMEX’s 100% subsidiary PTI infrastructure de Desarrollo (PTI-ID). They signed the contract at an official signing ceremony in the offices of Secretariat de Energía de México (SENER) - Ministry of Energy (Mexico) in Mexico City by Samsung Engineering’s Mexico Branch Manager JaeJun Yoo and PEMEX’s Vice President Dr. Cornejo. The ceremony was attended by Mexico’s Secretary of Energy Rocío Nahle García and Samsung Engineering’s Vice President Kyongjin Mun.
The refinery comprises six packages in total and Samsung Engineering received two out of them, Package 2 which includes Diesel Hydrodesulfurization(DHDT) Unit, Gasoil Hydrodesulfurization(HDS) Unit, Naphtha Hydro-treating(NHT) Unit, and Naphtha Reformer and Package 3 which includes Fluid Catalytic Cracking (FCC) Unit.
They divide the contract into two phases. Phase I includes the development of detailed engineering, development of project execution plan and constructability as well as a cost estimate for Phase II. The contract amount for Packages 2 and 3 are $84 million 961 thousand USD and $57 million 807 thousand USD, respectively. In Phase II the contract is expected to be converted to a total Engineering, Procurement and Construction (EPC) contract.
The project is located at Dos Bocas Harbor, Tabasco State 320 km east of Mexico City, will process 340,000 barrels of oil and be completed in around three years once Phase II starts.
Samsung Engineering is pursuing marketing differentiation through preemptive marketing activities based on engineering and technical expertise. Basic and early detail Engineering is a field that requires extensive technical knowledge, and is a step to help decision-makers gain necessary information to decide to invest for an EPC project. EPC companies which implemented initial basic and early detail projects can approach projects in various views by deeply involving in projects from the scratch, that will enable to deliver reliable and value-added plants towards clients, aligning design and EPC works.
When Phase I is completed, this project will be conclusively converted to an EPC contract next year after performance of the Cost Estimate for Phase II. Samsung Engineering is able to achieve two goals in one step with this project, securing the relationship with PEMEX as regular customer and re-entering the Mexican market with the Dos Bocas Refinery.
Samsung Engineering’s President & CEO Sungan Choi stated: “Samsung Engineering has an excellent track record in delivering quality plants for PEMEX. We will insure optimal implementation for this project and re-earn the trust of the client for many future joint projects to come.”
Samsung Engineering Co., a plant construction unit of Samsung Group, said Friday it has clinched a US$110 million deal for refinery facilities in Mexico.
Samsung Engineering will install steel piles into the ground to support refinery facilities being built in the southern Mexican port of Dos Bocas.
The additional deal is part of a broader contract signed last year with Pemex Transformation Industrial Infrastructure , an affiliate of Mexico's state-run oil company Pemex.
Samsung Engineering is building diesel hydrodesulfurization facilities for the second package of the refinery project and heavy oil catalytic crackers for the third package of the Dos Bocas refinery project.
The latest deal raised Samsung Engineering's accumulated order in the project to $420 million.
The refinery has a daily processing capacity of 340,000 barrels of crude oil.
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