South Korea’s Samsung Engineering is progressing through the engineering stages of the two projects it won from the refining division of the Abu Dhabi National Oil Company (Adnoc Refining) in March.
Samsung won two engineering, procurement and construction (EPC) contracts from Adnoc Refining, with a combined worth of $3.5bn – one for the Crude Flexibility Project, and the other for building a waste heat recovery plant – both at the client’s facilities in Abu Dhabi’s Ruwais.
“Samsung Engineering is currently in the engineering phase of both the projects. Work is progressing as per schedule,” an industry source said.
Samsung won the $3.1bn main contract for the Crude Flexibility Project in a consortium with the US-based Chicago Bridge & Iron (CB&I), which is now part of McDermott, with the Korean firm's share of the deal reaching $2.6bn.
Construction on the project is set to commence in April next year, with the work scheduled to be completed by the end of 2022.
The crude flexibility project will enable Adnoc’s Ruwais Refinery-West complex to process up to 420,000 barrels a day (b/d) of crude from its Upper Zakum offshore field, or similar crude types.
The second contract for the waste heat recovery project is worth $473m.
The project is scheduled for completion by the end of 2023 and will generate an additional 230MW of electricity for sale and 62,400 cubic metres of water daily by capturing waste heat, currently vented into the atmosphere, by upgrading four giant gas turbines with closed-cycle power generation technology.
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