Wison Engineering Services Co. Ltd. (Shanghai, China; www.wison.com), the largest private sector chemical engineering, procurement and construction management (EPC) service provider in China announced today that Wison Engineering Ltd., an indirectly non wholly-owned subsidiary of the company was awarded a procurement and construction contract by PDVSA Petroleo, S.A. (PDVSA) for the site preparation for the Puerto la Cruz oil refinery Deep Conversion Project in Venezuela. This is the largest oil refinery PC project in Latin America acquired by Chinese enterprise to date. The total contract value amounts to approximately $834million. The project is expected to be completed in 12 months after commencement of work.
This contract is the second to be awarded to Wison Engineering by PDVSA since the company won a $2.997-billion EPC contract in June 2012 for the Deep Conversion Project at the Puerto La Cruz Refinery, in which Hyundai Engineering & Construction Co. Ltd. and Hyundai Engineering Co,. Ltd. were jointly participating as Consortium Hyundai-Wison. Pursuant to this contract, Wison Engineering will be responsible for the site preparation procurement and construction of land improvement, new tankers, administrative buildings and temporary facilities for the Deep Conversion Project.