Petrofac, in a 50/50 joint venture with Samsung Engineering, has received notification of intent to award a contract worth approximately $ 2 billion with Duqm Refinery and Petrochemical Industries LLC (DRPIC) in the southern part of Oman.
Jersey/UK — 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 (approx. 9 km2) 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."