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Petrofac Ltd awarded US$2.1 billion refinery improvement project in Oman in joint venture with Daelim Industrial Co Ltd

Monday, 25 Nov 2013 03:22am EST 

Petrofac Ltd:Says it has been awarded a 36 month Engineering, Procurement and Construction (EPC) contract by Oman Oil Refineries and Petroleum Industries Company (ORPIC) in a 50/50 joint venture with Korean based Daelim Industrial Co Ltd (Daelim).Says the contract value is US$2.1 billion.Says, 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.Says the contract includes improvements at the existing facility as well as the addition of new refining units. 

Company Quote

-30.5 -4.39%
9:07am EST