Samsung Engineering, one of the world’s leading engineering, procurement, construction and project management (EPC&PM) companies, announced, that it signed around $4 billion USD 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.”

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.

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)