Samsung Engineering has received two contracts from two subsidiaries of PTT, a Thailand state-owned oil & gas company. The contracts which have a combined value of approximately USD 500M are awarded for a petrochemical project and a power generation project located in Rayong.
Samsung Engineering will deliver both on an EPCC (Engineering, Procurement, Construction and Commissioning) lump-sum turnkey basis. The power generation project is anticipated to be delivered in 2019 and the petrochemical project is expected to be completed in 2020.
The track record of delivering 21 projects to Thailand, including 17 projects to PTT group, proves that Samsung Engineering expertise.
PTT’s global scale Gas Separation Plant (GSP-6) completed in 2010, which was honored by the Project Management Institute (PMI) with the “Distinguished Project Award”, is highlight of the sustainable and successful partnership between PTT and Samsung Engineering had over the years.