Samsung Engineering JV wins contract for $3.1bn ADNOC refinery project

Samsung

Feb 12, 2018  – A joint venture between Samsung Engineering (Korea) and CB&I (Netherlands) has secured a contract to build $3.1bn crude flexibility project (CFP) on behalf of ADNOC Refining in the UAE.

The contract has been awarded by ADNOC (Abu Dhabi National Oil Company), the national oil company of UAE and the parent company of ADNOC Refining.

The scope of the project will include the construction of an atmospheric residue de-sulphurisation (ARDS) unit.

 

The refinery upgrades will allow ADNOC’s Ruwais Refinery-West complex to process up to 420,000 barrels per day of Upper Zakum crude or similar types of crude.

“The ARDS technology is extensively used in upgrading medium to heavy petroleum oils and residues to more valuable clean environmentally friendly transportation fuels and to partially convert the residues to produce low-sulfur fuel oil and hydrotreated feedstocks,” ADNOC said in a statement.

The project is scheduled to be completed by the end of 2022.

 

ADNOC downstream director Abdulaziz Abdulla Alhajri said: “Enabling the Ruwais Refinery-West to process Upper Zakum, or similar, medium sour crude, in place of Murban light sweet crude, will allow us to extract greater value from our crude resources.

“It will mean we can maximise the benefit of price differentials to enhance refinery margins, improve the middle distillate products and release valuable Murban crude into the market.”

Samsung Engineering president and CEO Sungan Choi said: “We were able to win this project based on our track record of delivering safely and on schedule. We will do everything in our power to successfully execute CFP by utilizing our global experience in the refining sector.”

Earlier, Samsung Engineering has completed six projects in the Ruwais complex, of which two are directly linked to CFP.

Based in Seoul, South Korea, Samsung Engineering serves upstream and downstream hydrocarbon facilities; power plants; water and waste treatment plants; and industrial production facilities.

Source:- http://www.worldconstructionnetwork.com/news/samsung-engineering-jv-wins-contract-for-31bn-adnoc-refinery-project/

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