Petrofac, in a 50-50 joint venture with Korean based Daelim Industrial Co (Daelim) has been awarded a 36-month Engineering, Procurement and Construction (EPC) contract by Oman Oil Refineries and Petroleum Industries Company (ORPIC). The contract value is USD 2.1B.
Located in the Sohar Industrial Area, 230km northwest of Muscat, the scope of work includes engineering, procurement, construction, start-up and commissioning services at the refinery. The contract includes improvements at the existing facility as well as the addition of new refining units.
The refinery was originally constructed and commissioned in 2006 and ORPIC is now investing in improvements at the site to enhance the current production capacity. The revamped facility is expected to increase current output by more than 70%.
Subramanian Sarma, managing director of Petrofac’s Onshore Engineering & Construction business, commented, “Partnering with Daelim to deliver this project leverages our respective delivery capability for the refinery market, complementing our existing track record. CK Lee, president and CEO of Daelim’s overseas business development, commented: “Combining our strengths with those of Petrofac provided a compelling and competitive proposal for the project. We also share the same ethos as Petrofac in our commitment to developing the local energy sector and look forward to working with them to deliver the project.”
