Samsung Eng wins US$770m Petronas deal


Is this the SOGT whose design & construction contracts has been open to all sorts of accusations, least of which is incompetence?

From the Business Times, dateline 2010-08-31:

Samsung Engineering will build an oil and gas terminal in Sabah to produce 300,000 barrels of oil and 1.25 billion cubic feet of gas per day

PETRONAS Carigali Sdn Bhd (6033) has awarded a US$770 million (RM2.4 billion) contract to Samsung Engineering to build an oil and gas terminal in Sabah.

The plant, which will produce 300,000 barrels of oil and 1.25 billion cubic feet of gas per day, will account for 40 per cent of Malaysia’s crude oil production.

Samsung Engineering president and chief executive officer Park Ki-Seok said the contract reflects the company’s excellent project performance and the clients’ trust in the hydrocarbon plant sector.

“With expanding market share in the GOSP (gas oil separation plant) field and about US$50 billion (RM157 billion) invested annually, we plan to continue our drive to diversify our market and products in all upstream hydrocarbon fields such as offshore projects,” Park said in a statement.

For the Sabah project, Samsung Engineering will lead the engineering, procurement, construction and commissioning work with local partner NCSB Engineering.

The plant is expected to be mechanically completed in December 2013.

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