12 February 2014
Petrofac/Samsung/CB+I JV Awarded US$3.7 Billion Refinery Project in Kuwait
Petrofac, the international oil and gas services provider, leading a joint venture with Korean based Samsung Engineering Co Ltd (Samsung) and CB&I Nederland BV (CB&I) has received an award notification for Kuwait National Petroleum Company’s (KNPC) Clean Fuels Project, Mina Abdulla (MAB1) refinery in Kuwait.
Located in southern Kuwait, the US$3.7 billion contract, of which Petrofac’s share is US$1.7 billion, will be completed over a period of approximately four years.
The lump sum engineering, procurement and construction scope of work includes the provision of 19 new refining units at Mina Abdulla, revamping of five existing units at the Shouaiba refinery site and the accompanying inter-refinery transfer lines.
The Clean Fuels Project is one of KNPC’s major investment projects to upgrade the Mina Abdulla and Mina Al Ahmadi refineries, in order to reach a daily production target of around 800,000 barrels of oil per day.
Subramanian Sarma, Managing Director of Petrofac's Onshore Engineering & Construction business, commented: "This will be our ninth project in Kuwait and I am delighted we have secured the opportunity to work with KNPC, who is a new customer for us. Along with our partners, Samsung and CB&I I look forward to strengthening the relationship with KNPC as we deliver the project.”
This is the second substantial refinery project to be awarded to Petrofac within recent months; the first being the US2.1 billion Sohar Refinery improvement project for Oman Oil Refineries and Petroleum Industries Company in Oman and further underpins the Group’s appetite in the downstream sector.