Amec Foster Wheeler wins Indonesian refinery upgrade contract
- Cilacap Refinery upgrade and expansion
- Part of Pertamina’s Refinery Development Master Plan (RDMP)
Amec Foster Wheeler announces today it has been awarded an Engineering and Project Management Services Contract by PT Pertamina (Persero) and Saudi Aramco for the upgrade and expansion of the 348,000 barrels per day Cilacap Refinery in Central Java.
Over the next nine months, Amec Foster Wheeler will conduct the basic engineering design study, develop the scope for the proposed project and finalise the process configuration and licensors’ packages.
This is a strategic project for Indonesia’s Oil & Gas industry, in one of Asia’s fastest growing economies with a growing energy demand. We will combine our in-depth refinery expertise from our Reading, UK, operation, together with our strong Asian operations, to deliver the best of Amec Foster Wheeler for this important project.
The upgrade of the Cilacap Refinery is part of Pertamina’s Refinery Development Master Plan. It aims to improve Indonesia’s energy security and involves the expansion and upgrade of its domestic refineries, with the overall Cilacap Refinery upgrade project estimated to cost approximately US$4-5bn.
The upgrade and expansion project is intended to increase the capacity of the refinery to 370,000 barrels per day, maximise production of cleaner gasoline and diesel, produce higher quality base oils for the domestic market, and expand aromatics and polypropylene production to more than 600,000 tonnes and 160,000 tonnes per year, respectively.
Amec Foster Wheeler (www.amecfw.com) designs, delivers and maintains strategic and complex assets for its customers across the global energy and related sectors.
Employing around 40,000 people in more than 55 countries and with 2015 revenues of £5.5 billion, the company operates across the oil and gas industry – from production through to refining, processing and distribution of derivative products – and in the mining, clean energy, power generation, pharma, environment and infrastructure markets.
Amec Foster Wheeler offers full life-cycle services to offshore and onshore oil and gas projects (conventional and unconventional, upstream, midstream and downstream) for greenfield, brownfield and asset support projects, plus leading refining technology.
Amec Foster Wheeler shares are publicly traded on the London Stock Exchange and its American Depositary Shares are traded on the New York Stock Exchange. Both trade under the ticker AMFW.
This announcement contains statements which constitute “forward-looking statements”. Forward-looking statements include any statements related to the timing, results and success of contracts, and are generally identified by words such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “will,” “may,” “continue,” “should” and other similar expressions. Forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Amec Foster Wheeler, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking statements. Amec Foster Wheeler does not undertake to update any of the forward-looking statements after this date to conform such statements to actual results, to reflect the occurrence of anticipated results or otherwise.