Client has appointed MUC Oil & Gas Engineering Consultancy (MUC) to complete the basic design and Front End Engineering Design (FEED) study of the project. The technical studies for Phase III are expected to be completed within three months. The contract value for the technical studies wasn't disclosed. The layouts and refining capacity are expected to be finalised upon FEED study completion.
Project is currently under design stage.
Client has announced the completion of basic designs for this project. It is currently in discussions with global oil majors that have expressed interest in contracting portions of this scheme. Client plans to ensure that Phase III capacity is fully contracted through a multi-year take-or-pay contract prior to commencing construction to ensure revenue stability and visibility. The Phase III facility is expected to be operational in late 2022.
January
19
2024
Friday
LAST UPDATED
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