A Petrofac joint venture with Korea’s Daelim has been awarded a 36 month Engineering, Procurement and Construction (EPC) contract by Oman Oil Refineries and Petroleum Industries Company. The contract value is US$2.1 billion.
The two companies operate under a 50/50 joint venture arrangement.
The project is located in the Sohar Industrial Area, 230 km North West of Muscat, the scope of work encompasses engineering, procurement, construction, start-up and commissioning services at the refinery.
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. We have also been executing projects in Oman since 1988, having a detailed appreciation for the operating environment. ORPIC is a new customer for us and we look forward to strengthening our relationship as the project progresses.”
Petrofac has recently completed the Kauther depletion compression project in Oman which it was executing for Petroleum Development Oman (PDO), on behalf of the Government of Oman.