Reports related to this article:
Project(s): View 5 related projects in PECWeb
Plant(s): View 1 related plant in PECWeb
Released August 25, 2014 | JOHANNESBURG
en
Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--Oman Oil Refineries and Petroleum Industries Company's (Orpic) Sohar Refinery expansion is moving ahead, following the awarding of a civil and underground piping work contract. Al Hassan Engineering (Oman) received a letter of intent for the contract from Daelim-Petrofac, the project's engineering, construction and procurement (EPC) joint venture.
View Project Report - 300171183 300032939 300034276 300030016 300054632
The estimated value of the contract is $68 million. The contract is expected to be completed by April 2016.
Daelim-Petrofac, the 50:50 joint venture of Petrofac (LSE:PFC.L) (St. Helier, Channel Islands), an international and gas services provider, and Daelim Industrial (KSX:000210.KS) (Seoul, South Korea), was awarded the $1.2 billion refinery EPC contract in late 2013.
The 36-month EPC contract includes improvements at the existing facility and the addition of new units, which are expected to increase output more than 70% to 198,000 barrels per day.
For related information, see September 28, 2012, article - Orpic Shortlists EPC Firms for $1.2 Billion Sohar Refinery Expansion.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
View Project Report - 300171183 300032939 300034276 300030016 300054632
The estimated value of the contract is $68 million. The contract is expected to be completed by April 2016.
Daelim-Petrofac, the 50:50 joint venture of Petrofac (LSE:PFC.L) (St. Helier, Channel Islands), an international and gas services provider, and Daelim Industrial (KSX:000210.KS) (Seoul, South Korea), was awarded the $1.2 billion refinery EPC contract in late 2013.
The 36-month EPC contract includes improvements at the existing facility and the addition of new units, which are expected to increase output more than 70% to 198,000 barrels per day.
For related information, see September 28, 2012, article - Orpic Shortlists EPC Firms for $1.2 Billion Sohar Refinery Expansion.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
