Technip consortium wins $4.2bn refinery project
MANAMA: Bapco has awarded a $4.2 billion contract to a joint venture led by TechnipFMC, a UK-based company that provides complete project life cycle services for the energy industry, the latter announced in a statement yesterday.
The joint venture includes Korea’s Samsung Engineering and Spanish general contractor Tecnicas Reunidas.
The contract is for the Bapco Modernisation Programme, which will be executed on engineering, procurement, construction and commissioning lump sum turnkey basis and is slated for completion in 2022.
The project is located on Bahrain’s eastern coast and entails the expansion of the capacity of the existing Sitra oil refinery from 267,000 up to 360,000 barrels per day besides improving energy efficiency, valorisation of the heavy part of the crude oil barrel (bottom of the barrel), enhancing products slate and meeting environmental compliance.
It includes the units for residue hydrocracking, hydrocracker, hydro desulfurisation, crude distillation unit, vacuum distillation, saturated gas plant, hydrogen production, hydrogen recovery, sulphur recovery, tail gas treatment, sour water stripper, amine recovery, bulk acid gas removal, sulphur solidification and sulphur handling facilities.
Utilities and offsites are also part of the scope.
TechnipFMC said it aims to capitalise on the vast experience of the joint venture partners in Bahrain as well as in the region.
“We are honoured to be the leader of this joint venture entrusted for the execution of this prestigious contract that represents a testimonial of the long-term partnership with Bapco and strengthen our leadership in the refining sector,” said TechnipFMC’s Onshore Offshore business president Nello Uccelletti.
“This award is one of the strategic ‘early engagement’ achievement, following the successful completion by TechnipFMC of the Feed contract,” he added.