Samsung Engineering, the first and largest engineering company in Korea, announced today that it has received a letter of award (LOA) for a carbon black and delayed coker unit (CBDC) from TAKREER, a subsidiary of Abu Dhabi Oil Refining Company (ADNOC). Valued at $2.47 billion, it is the eighth order received in five years from ADNOC, the national oil company of the United Arab Emirates.
The CBDC unit will be located in the refining complex in Ruwais, west of Abu Dhabi, with a capacity of 40,000 tons of carbon black per year and 30,000 barrels of crude oil a day. Samsung Engineering will be providing project management services for the engineering, procurement, construction, commissioning processes on a lump-sum turnkey basis and the project is scheduled to be completed by December 2015.
Samsung Engineering President & CEO Park Ki-Seok remarked, “This award solidifies Samsung Engineering’s project management and engineering expertise as well as our strong partnership with TAKREER. We look forward to executing this landmark project to the highest standards.”
This is not the first time ADNOC has entrusted a large scale project to Samsung Engineering. In 2009, ADNOC awarded the company with not only the Ruwais Refinery Utilities & Offsites package worth $2.73 billion, but also the responsibility to oversee all packages of the $10 billion Ruwais Refinery Expansion as the official interface manager.
Carbon Black: A fine carbon powder used as a pigment, made by burning hydrocarbons in insufficient air.
Delayed Coker: A process by which heavier crude oil fractions can be thermally decomposed under conditions of elevated temperatures and pressure to produce a mixture of lighter oils and petroleum coke.