Construction

Saipem awarded $750m refinery deal

Project will grow the Duqm Refinery’s capacity to 230,000 barrels per day

Project will grow the Duqm Refinery’s capacity to 230,000 barrels per day

Drilling services specialist Saipem has won an onshore engineering and construction contract from the Duqm Refinery and Petrochemical Industries Company in Oman.

The contract is said to be worth $750 million and makes Saipem responsible for engineering, procurement, construction and commissioning under Package 3 ‘Offsite Facilities’ in the framework of the development of the Duqm Refinery. The refinery is located near the Omani coast in the north east of the country.

“We welcome with particular satisfaction the awarding of this new contract, which signals the relaunch of our activities in Oman, a country in which Saipem has operated successfully in the past,” said Saipem CEO Stefano Cao.

Duqm Refinery is a joint venture between the Oman Oil Company, the country’s national oil company, and Kuwait Petroleum International (KPI). Once the project has been completed, the refinery will have a capacity of around 230,000 barrels per day.

Saipem says it won the contract thanks to its distinctive competences in operations in harsh environments, remote areas and in deepwater scenarios.

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