ADNOC awards Samsung Engineering $2.84bn Ruwais project

Korean giant will provide project management and engineering expertise for major project

Samsung Engineering, the engineering and contracting arm of the Korean conglomerate, announced on Friday that it had been awarded the contract for a $2.84bn project from Abu Dhabi National Oil Company (ADNOC).

The award, from Abu Dhabi Oil Refining Company (TAKREER), a subsidiary of ADNOC, is to build a carbon black and delayed coker unit in the refining complex in Ruwais. It is the eighth order received in five years.

“This award solidifies Samsung Engineering’s project management and engineering expertise, as well as our strong partnership with TAKREER,” said Samsung Engineering president and CEO, Park Ki-Seok.

The unit will have a capacity of 40,000 tons of carbon black per year and 30,000 barrels of crude oil a day. Samsung will be required to provide project management services for the engineering, procurement, construction and commissioning processes, on a lump sum turnkey basis.

The project is scheduled to be completed by December 2015.

In 2009, ADNOC awarded Samsung Engineering with the Ruwais Refinery Utilities and Offsites package worth $2.73bn.

On the same project, it also handed over the responsibility of overseeing all packages of the $10bn Ruwais Refinery Expansion, nominating the company as the official interface manager for the project.

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