Saipem, in consortium with Petrofac and Samsung, has been awarded a new Onshore E&C contract in Thailand for the expansion of the Sriracha refinery. The total value of the project is approximately 4 billion USD. The contract has been awarded by Thai Oil Public Limited Company (ThaiOil), a subsidiary of the Petroleum Authority of Thailand (PTT) Public Company Limited, Thailand’s national oil & gas company.

The Saipem share is about 1.4 billion USD.

Sriracha, currently the main refinery in the country, is located in the province of Chonburi, along the eastern coast of the Gulf of Thailand.

The works include engineering, procurement, construction and the start-up of new production units as well as the upgrading of some already existing ones. They are part of the ThaiOil’s Clean Fuel Project (CFP) which aims to produce higher quality transportation fuels and also to increase the production capacity of the entire Sriracha refinery from 275,000 barrels per day to 400,000 barrels. The project stands out for its high technologies, the complexity of implementation and the cutting-edge technical solutions it will provide in the refining sector.

Maurizio Coratella, Saipem’s Chief Operating Officer of the E&C Onshore Division, commented: “The award of this contract consolidates the presence of Saipem in an area with great development prospects such as Southeast Asia and in particular Thailand, as well as confirming the Company’s ability to promote strategic partnerships and become a key player in the field of clean fuel technologies and high-tech projects”.

About Saipem

Saipem is one of the world leaders in drilling services, as well as in the engineering, procurement, construction and installation of pipelines and complex projects, onshore and offshore, in the oil & gas market. The company has distinctive competences in operations in harsh environments, remote areas and deepwater. Saipem provides a full range of services with “EPC” and “EPCI” contracts (on a “turn-key” basis) and has distinctive capabilities and unique assets with a high technological content.

About Petrofac

Petrofac is an international service provider to the oil and gas production and processing industry, with a diverse customer portfolio including many of the world’s leading integrated, independent and national oil and gas companies.

Petrofac designs, builds, operates and maintains oil and gas facilities, delivered through a range of innovative commercial models, enabling it to respond to the distinct needs of each client and helping them to transform the value of their assets across the oil and gas life cycle.

Petrofac’s service offering is underpinned by its ability to develop resource holders’ local capability through the provision of skills training with competency development and assurance frameworks. Around 20,000 employees operate out of seven strategically located operational centres, in Sharjah, Aberdeen, Abu Dhabi, Woking, Chennai, Mumbai, and Kuala Lumpur and a further 24 offices worldwide.

Petrofac is quoted on the London Stock Exchange (symbol: PFC)

About Samsung Engineering

Founded in 1970, Samsung Engineering has grown from a modest domestic engineering firm to a globally recognized name in the EPC market. Attracting talent from around the world, Samsung Engineering has broadened its business portfolio to a full range of engineering services: upstream and downstream hydrocarbon facilities; power plants; water and waste treatment plants; and industrial production facilities.