Samsung Engineering (Seoul; www.samsungengineering.com) signed an approximately $4-billion contract for the Thai Oil Public Company Limited’s (Thai Oil) Clean Fuel Project (CFP) in Thailand. The order was received with Petrofac Limited (Petrofac) as leader and Saipem S.p.A. (Saipem) as consortium partner.
Samsung Engineering’s share for this project is around $1.1 billion USD. The project objective is to produce higher quality transportation fuel, lower feedstock cost and also to expand capacity of the largest refinery project in Sriracha, Thailand.
The project will increase daily crude throughput from 275,000 barrels to 400,000 barrels. Major new process units include Crude Distillation Unit (CDU), Vacuum Distillation Unit (VDU), Hydrocracker Unit (HCU) as well as a Residue Hydrocracker Unit (RHCU). Further, the scope of work includes improvements and expansion on the existing facility and provision of the utilities and supportive facilities to this project. The project is expected to be completed over a period of approximately four years.
With this order, Samsung Engineering has expanded its business relationship with Thai Oil and strengthened the base of the Thai market. Samsung Engineering has been actively engaging and providing their services to Thailand since entering the market in 1991. Thai Oil’s CFP will be the 24th project Samsung Engineering will deliver to Thailand.
Sung An Choi, President and CEO of Samsung Engineering said: “We are proud and honored to have received this contract and further are excited to provide clean fuel to Thai Oil. With our experience and successfully delivery of numerous projects to Thailand for more than 20 years, we are looking forward to provide a safe and proficient project with our partners for Thai Oil.”