MOSCOW (MRC) -- Saipem has been awarded a new contract in the onshore E&C sector worth approximately USD 750 million. Work involves engineering, procurement, construction and commissioning under Package 3 "Offsite Facilities" in the framework of the development of the Duqm Refinery situated near the coast in the north east of Oman, as per the company's press release.
The contract was awarded by Duqm Refinery and Petrochemical Industries Company L.L.C, a Joint Venture between the Oman Oil Company (OOC), the national oil company, and Kuwait Petroleum International (KPI). Once completed, the refinery will have a capacity of around 230 Mbpd.
Stefano Cao, Saipem CEO, commented: "We welcome with particular satisfaction the awarding of this new contract which signals the relaunch of our activities in Oman, a country in which Saipem has operated successfully in the past".
As MRC informed before, in June 2016, Saudi Arabia's PetroRabigh awarded a construction contract for its II expansion project to Italian oil service group Saipem. PetroRabigh, a joint venture between Saudi Aramco and Japan's Sumitomo Chemical, said the total cost of the 30-month contract to expand its petrochemicals complex was 782 million Saudi riyals (USD208.5 million). The contract includes a plant to process and recover vanadium and a unit to dispose of caustic soda. The contract also includes some other facilities to handle and store chemicals.
Saipem is one of the world leaders in drilling services, as well as in the engineering, procurement, construction and installation of pipelines and complex projects, onshore and offshore, in the oil & gas market. The company has distinctive competences in operations in harsh environments, remote areas and deepwater. Saipem provides a full range of services with "EPC" and "EPCI" contracts (on a "turn-key" basis) and has distinctive capabilities and unique assets with a high technological content.
MRC