Adnoc awards McDermott Feed contract for Abu Dhabi's Ruwais Refinery
The US firm described the contract win as one of sizeable value and scope
McDermott has been awarded a front-end engineering design (Feed) contract by Adnoc for its Refinery Offgases (ROG) project in Ruwais, Abu Dhabi.
The Texas-headquartered firm termed the contract as ‘sizeable’ — which means the value of the contract falls between $1m to $50m.
As part of the contract, McDermott will evaluate various technology configurations and options for the recovery of hydrogen, ethane and sales-grade lliquefied petroleum gas.
The construction company said Feed services will be used as the basis to prepare for the engineering, procurement, and construction management (EPCM) phase of the ROG project.
McDermott will begin work on the project immediately, it said in a statement.
On 29 April, the company revealed that its Q1 2019 revenues hit $2.2bn, while it had a backlog worth $15.4bn. This failed to prevent a quarterly loss.
Chief executive officer and president of McDermott, David Dickson attributed the losses to restructuring, integration, and transaction costs worth $73m.
In April 2019, the American firm was awarded a technology contract to work on Kuwait Integrated Petrochemical Industries Co’s (Kipic) Petrochemical Refinery Integration Project, located within the Al Zour area.
