2019 RPME Top 30 EPC Contractors: Samsung Engineering ranked No. 1

2019 RPME Top 30 EPC Contractors: Samsung Engineering ranked No. 1
Published: 22 May 2019 - 11 a.m.
By: Martin Menachery

In February 2018, Samsung Engineering won the crude flexibility project of ADNOC Refining in the UAE.

At a value of $3.1bn, Samsung Engineering secured the contract with CB&I as joint venture partner.

Samsung’s contract amount is $2.6bn. This project will be built at the Ruwais Industrial Complex. It will construct a new atmospheric residue de-sulphurisation facility, with an annual capacity of 177,000 barrels per day.

The estimated completion schedule is at the end of 2022. In the same month, Samsung Engineering signed the $2bn EPC Package 2 Utilities & Offsites (U&O) contract with Oman’s Duqm Refinery and Petrochemical Industries Company.

The U&O package consists of a utility production facility that produces water, air, steam and electricity essential to the plant, tanks those store crude oil and intermediate and final products before and after the refinery, and a sewage treatment facility.

The project, which will be executed on an EPC turnkey basis, is expected to be completed in 2021.

Samsung Engineering has partnered with Petrofac in this mega project to diversify risks and to strengthen business performance.

In March 2018, Samsung Engineering won another deal from ADNOC Refining to deliver a new power and water generation plant at a total contract value of $473mn.

The waste heat recovery project will be constructed at the Ruwais Industrial Complex, providing additional power and fresh water to the facility, when it comes on stream in 2023.

The scope of work includes the installation of heat recovery steam generators as well as a new steam turbine and generator desalination unit.

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