Petrofac wins $200m sulphur recovery project at Visakhapatnam
Petrofac has been awarded a contract by Hindustan Petroleum Corporation for its sulphur recovery unit block package for the Visakh Refinery Modernisation Project (VRMP), at Visakhapatnam, Andhra Pradesh, India, it announced on Wednesday.
FTSE 250
20,522.81
16:38 14/11/24
FTSE 350
4,459.02
16:38 14/11/24
FTSE All-Share
4,417.25
16:54 14/11/24
Oil Equipment, Services & Distribution
4,928.34
16:30 25/09/24
Petrofac Ltd.
11.19p
16:34 14/11/24
The FTSE 250 company said the lump-sum engineering, procurement and construction (EPC) project, valued at around $200m, include licensing and commissioning.
It said the package would be constructed within the existing refinery under the terms of the 30-month contract.
“We are delighted to be supporting HPCL in the delivery of this important package at the Visakh Refinery,” said group managing director for Petrofac’s engineering and construction growth business, Sunder Kalyanam.
“It is particularly satisfying to be expanding our EPC activities in-country with this award and our recent contract award in Kerala. Both demonstrate our growth strategy in action and the continued strength of our capability in the refinery sector.”