Saipem scoops $750m EPC contract for Oman refinery project

Once completed, the Duqm Refinery project will have a capacity of around 230,000 barrels per day

An EPC contract worth $750m has been awarded to Saipem for the development of Oman's Duqm Refinery [image: Oman News Agency].
An EPC contract worth $750m has been awarded to Saipem for the development of Oman's Duqm Refinery [image: Oman News Agency].

Oil and gas contractor Saipem has announced signing an onshore contract, valued at approximately $750m (OMR288.7m), for the Duqm Refinery project in Oman.

The contract covers engineering, procurement, construction, and commissioning activities under Package 3, for offsite facilities, in the framework of the refinery development, the Italy-headquartered company said in a statement.

The contract was awarded by Duqm Refinery and Petrochemical Industries Company LLC, a joint venture (JV) between the Oman Oil Company (OOC) and Kuwait Petroleum International (KPI).

Once completed, the refinery will have a capacity of around 230,000 barrels per day, Saipem added.

Stefano Cao, chief executive officer of Saipem, commented: “We welcome with particular satisfaction the awarding of this new contract, which signals the relaunch of our activities in Oman, a country [where] Saipem has operated successfully in the past”.

The signing of the contract was a follow-up to the announcement of the contract award in Q3 2017

Duqm Refinery and Petrochemical Industries also signed an EPC deal for the development of the refinery’s main processing plant with a Tecnicas Reunidas-Daewoo Engineering and Construction joint venture.

Meanwhile, a Petrofac-Samsung Engineering JV was awarded a contract for the engineering, procurement, construction, commissioning, training, and start-up operations of all the utilities at Duqm.

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