Samsung Engineering has received a letter of award (LOA) to build a Crude Flexibility Project (CFP) on behalf of Adnoc Refining in the United Arab Emirates.
Seoul/South Korea — At a value of $ 3.1 billion, it is the ninth award in total the engineering services provider received from Adnoc (Abu Dhabi National Oil Company), the national oil company of UAE. The South Korean company secured the contract in partnership with CB & I Nederland B.V. as joint venture partner. Samsung’s contract amount is $ 2.6 billion.
This project will be built at the Ruwais Industrial Complex (the largest industrial complex in the UAE). It will construct a new Atmospheric Residue De-Sulfurization (ARDS) facility, with an annual capacity of 177,000 barrels per day. The estimated completion schedule will see project delivery end of 2022.
Samsung Engineering has previously delivered six projects in the Ruwais complex, two of which are directly linked to CFP. Therefore, not only is it possible to fully utilize the existing experienced manpower, equipment, facilities and partner network, but also build on our strong relationship with Adnoc Refining.