TechnipFMC completes remaining conditions with MIDOR, enabling work to commence on Refinery Expansion & Modernization project...
05 Mars 2019 - 7:00AM
Business Wire
TechnipFMC (NYSE:FTI) (Paris:FTI) has successfully completed the
remaining conditions required to enable work to commence on the
Engineering, Procurement, and Construction (EPC) contract
by Middle East Oil Refinery (MIDOR) for the modernization
and expansion of their existing complex near Alexandria,
Egypt.
As previously stated, this major(1) EPC contract covers the
debottlenecking of existing units, the delivery of new units
including a Crude and Vacuum Distillation Unit, a hydrogen
production facility based on our steam reforming technology, as
well as various process units, interconnecting, offsites and
utilities. Starting in 2022, the modernized complex will produce
Euro V products, with a 60% increase in the refinery’s original
capacity to 160,000 barrels per day of crude oil.
The contract award will be included in the Company’s first
quarter 2019 inbound orders in its Onshore/Offshore segment.
(1) For TechnipFMC, a “major” contract is over $1
billion.
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Forward-Looking Statement
This release contains "forward-looking statements" as defined in
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About TechnipFMCTechnipFMC is a global leader in subsea,
onshore/offshore, and surface projects. With our proprietary
technologies and production systems, integrated expertise, and
comprehensive solutions, we are transforming our clients’ project
economics.
We are uniquely positioned to deliver greater efficiency across
project lifecycles from concept to project delivery and beyond.
Through innovative technologies and improved efficiencies, our
offering unlocks new possibilities for our clients in developing
their oil and gas resources.
Each of our more than 37,000 employees is driven by a steady
commitment to clients and a culture of purposeful innovation,
challenging industry conventions, and rethinking how the best
results are achieved.
To learn more about us and how we are enhancing the
performance of the world’s energy industry, go to TechnipFMC.com
and follow us on Twitter @TechnipFMC.
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