Abu Dhabi National Oil Company (ADNOC) has confirmed the signing of two major contracts between ADNOC Refining, a wholly owned subsidiary of ADNOC, and Samsung Engineering Co., Ltd, worth a total value in excess of USD 3.5B.
The two contracts comprise a USD 3.1B project to introduce crude oil processing flexibility and a USD 473M project to recover power and water, both at the ADNOC-owned Ruwais oil refinery.
The first of the two new contracts awarded by ADNOC (ADNOC Refining) to Samsung Engineering was an EPC contract for a crude oil processing flexibility project.
Scheduled to be completed by the end of 2022, this project will enable ADNOC’s Ruwais Refinery-West complex to process up to 420,000 bpd of Upper Zakum crude.
The second contract awarded, also by ADNOC Refining to Samsung Engineering, was an EPC contract for a new Waste Heat Recovery Project. This project, scheduled for completion by the end of 2023, will generate an additional 230 MW of electricity for sale and 62,400 m3 water daily by capturing waste heat.