McDermott Nets 2 EPCC Refinery Deals
McDermott International Ltd announced Monday that it has received two engineering, procurement, construction, and commissioning (EPCC) contracts from Indian Oil Corporation Limited (IOCL) for the Haldia Refinery and the Barauni Refinery.
The first award is an EPCC deal for a new diesel hydrotreating unit and associated facilities for the Barauni Refinery Expansion Project in Bihar, India. The second is an EPCC contract for the catalytic dewaxing unit and associated facilities at the Haldia Refinery in West Bengal, India. McDermott did not reveal the value of the contracts.
The scope of work across the projects includes project management, residual process design, detailed engineering, fabrication, procurement, construction, transportation, mechanical completion, and commissioning, McDermott highlighted. Work is expected to commence by the end of this month.
Both projects will largely be executed by the McDermott team in Gurgaon, India, with some support from Perth, Australia, and Brno, Czech Republic, McDermott revealed. The projects are said to contribute to greater independence for India’s domestic energy needs.
“These awards demonstrate our commitment to advancing India’s long-term energy market,” Samik Mukherjee, McDermott’s executive vice president and chief operating officer, said in a company statement.
“We look forward to working with Indian Oil Corporation Limited on these prestigious downstream projects, showcasing our dedication to world-class project execution and sharing our leading health and safety protocols,” he added.
Commenting on the deal, McDermott’s senior vice president of Asia Pacific, Mahesh Swaminathan, said, “our 2,000 personnel in India bring global experience with high levels of technical and project management expertise”.
“These individuals continue to demonstrate the strength of McDermott's vertically-integrated solutions and the positive impact these bring to the Indian downstream market,” Swaminathan added.
Earlier this month, a consortium of a subsidiary of McDermott and Sinopec International Petroleum Service Corporation announced it had received a conditional letter of award for a future contract, valued at approximately $2 billion, from Total for the Tilenga project.
To contact the author, email andreas.exarheas@rigzone.com
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- UK Oil Regulator Publishes New Emissions Reduction Plan
- PetroChina Posts Higher Annual Profit on Higher Production
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- McDermott Settles Reficar Dispute
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- USA Oil and Gas Job Figures Jump
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Equinor Makes Discovery in North Sea
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension