The Netherlands-based oil company CB&I and Samsung Engineering, the leading South Korean company, has been awarded a $3.1bn contract for the Crude Flexibility Project by Abu Dhabi National Oil Company (ADNOC).
The project, which will be implemented at Ruwais oil refinery, is planned to introduce crude processing flexibility to the refinery. This upgrade will help the refinery process up to 420,000 barrels of Upper Zakum crude per day and, eventually, utilize the high-value Murban Crude.
The Crude Flexibility Project is planned to be finished by the end of 2022, and it will introduce an atmospheric residue de-sulphurisation (ARDS) unit to Ruwais refinery. This unit will help in upgrading medium and heavy petroleum oils into more environment-friendly valuable fuels
Commenting on the announcement, Abdulaziz Abdulla Alhajri, the Director of ADNOC’s downstream directorate said that the Crude Flexibility Project will help the company in extracting greater value from crude resources. Alhajri also explained that ADNOC took into consideration the degree to which the bidders would help to contribute In-Country Value for the UAE while deciding the winner of the contract.