The overall project value is around $4bn, of which Petrofac’s share is around $1.4bn, and will be completed over a period of approximately four years.
The project will transform the existing oil refinery in Sriracha, Chonburi, into an environmentally friendly facility, which will produce higher quality transportation fuels. The project will also increase the refinery’s production capacity from 275,000 barrels per day to 400,000 barrels per day.
The scope of work encompasses engineering, procurement, construction and commissioning services. The contract includes improvements and expansion at the existing facility as well as the addition of new complex processing units, all required utilities and supporting facilities.
Sunder Kalyanam, group managing director for Petrofac’s engineering and construction growth business, said: “We are delighted to have secured this contract and to be leading the consortium on delivery of an important project that will enhance the country’s long-term energy stability and economic development, and boost its output of high-quality clean fuels. We look forward to the safe and efficient delivery of this project for Thai Oil.”
Petrofac has had a presence in Thailand since 2011 and has a contract until 2023 to provide operations and maintenance services for the FPF-003 floating production, storage and offloading (FPSO) vessel on behalf of field owner Mubadala Petroleum on the Jasmine Field in the Gulf of Thailand.