Abu Dhabi assessing bids for $3bn refinery project

21 January 2016

New facilities at Ruwais refinery will process crude from offshore fields

Abu Dhabi Oil Refining Company (Takreer) is assessing bids on an estimated $3bn project to upgrade its Ruwais refinery to process crude from offshore fields, according to sources familiar with the scheme.

Three companies are thought to have submitted commercial engineering, procurement and construction (EPC) proposals including South Korean groups GS Engineering & Construction and Samsung Engineering, and Spain’s Tecnicas Reunidas.

Takreer is planning to upgrade existing units at the Ruwais refinery site in the far west of Abu Dhabi emirate. The work will include modifying existing units in order to process 420,000 barrels a day (b/d) of offshore crude.

The work will include upgrades on units completed in the Ruwais refinery expansion project, which was commissioned in 2015 doubling the existing capacity of the site to over 800,000 b/d.

The new project, named the Processing Offshore Crude Project at Ruwais Refinery, will allow Abu Dhabi to produce refined products from offshore crude.

Abu Dhabi is currently undergoing a major expansion of the offshore Upper Zakum field and carrying out greenfield developments at fields such as Nasr, Satah al-Razboot (Sarb) and Umm al-Lulu.

The vast majority of offshore crude is currently processed at facilities on islands in the Gulf before being exported. The new project will allow Abu Dhabi National Oil Company (Adnoc) to process this crude into gasoline, diesel and other fuels for domestic use or export.

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