Germany's Bilfinger awarded three Adnoc contracts for Ruwais work
Bilfinger ME won the installation, replacement, and modification services deals in Q1 2019, and will complete them by 2020
Germany-headquartered construction and engineering company Bilfinger revealed it was awarded three contracts by Abu Dhabi National Oil Company (Adnoc) in the first quarter of 2019, pertaining to installation, replacement, and modification services, which its regional unit Bilfinger Middle East will implement for Adnoc's refining unit in Ruwais.
Bilfinger Middle East will design, supply, and install systems related to the plant's hydrocracker (HCK) and hydroskimmer (HSK) units. Tie-ins are expected to be carried out during a major turnaround in 2020.
For its second contract, engineering, procurement, and construction services will be delivered for the installation of Bernoulli filters at the HCK unit’s sea water network. The contract also covers liquefied petroleum transfer pumps and progressive cavity pumps for the HSK plant.
The Mannheim-based company will implement piping modifications for service water and eye shower facilities as part of its third contract.
The deal covers certain lines with associated civil and structural works for above-ground and underground pipe network systems.
Bilfinger said in a statement that it expected to complete the projects by 2020.
Commenting on the contract wins, president and chief executive officer of Bilfinger Middle East, Ali Vezvaei, said: “We are grateful for Adnoc’s continued trust in our capabilities and equally delighted to build upon our long-standing relationship focusing on the optimisation of their already world-class downstream operations at the epicentre of the country’s hydrocarbons industry in Ruwais.”
In Q1 2019, Bilfinger recorded revenues of $1.1bn, a 9% hike over the $1bn it posted in Q1 2018.
The firm’s net profits for the first quarter were recorded at $10m, a significant improvement over Q1 2018's net loss of $26.8m.