Petrofac and Samsung Engineering’s equal stake joint venture (JV) has been awarded a $2bn contract by the Duqm Refinery and Petrochemical Industries (DRPIC) in the southern part of Oman.
The scope of the work includes engineering, procurement, construction, commissioning, training and start-up operations for all the utilities and offsites at Duqm.
Work on the 47-month oil refinery project is expected to begin shortly, subject to financial closure and full notice to proceed.
The Duqm refinery is being developed on more than 2,000 acres of land, and the refinery will have a refining capacity of almost 230,000 barrels of oil per day when completed.
The project is a strategic investment for Oman and constitutes the cornerstone of the Duqm Special Economic Zone.
Petrofac group managing director of engineering and construction E Sathyanarayanan said: “This significant project represents our twelfth in the country and serves to reinforce Petrofac’s commitment to one of our core markets; one in which we have been present since 1988.
“Furthermore, it provides a valuable opportunity for us to continue to increase in-country value through engaging with the local supply chain and recruitment of local resources.
“We are very much looking forward to working with Samsung on this project and growing our relationship with DRPIC.”