Petrofac, the international oil and gas services provider, leading a consortium with Saipem S.p.A. and Samsung Engineering Co Ltd, has received an award notification for Thai Oil Public Company Limited’s Clean Fuels Project on the East coast of Thailand.
The overall project value is around USD 4bn, of which Petrofac’s share is around USD 1.4bn, and will be completed over a period of approximately four years. The project will transform the existing oil refinery in Sriracha, Chonburi, into an environmentally-friendly facility, which will produce higher quality transportation fuels. The project will also increase the refinery’s production capacity from 275,000 barrels per day to 400,000 barrels per day.
The scope of work encompasses engineering, procurement, construction and commissioning services. The contract includes improvements and expansion at the existing facility, as well as the addition of new complex processing units, all required utilities and supporting facilities.
Petrofac has had a presence in Thailand since 2011 and has a contract until 2023 to provide operations and maintenance services for the FPF-003 floating production, storage and offloading (FPSO) vessel on behalf of field owner Mubadala Petroleum on the Jasmine Field in the Gulf of Thailand.