14-06-2021

IOCL awards McDermott two EPCC refinery contracts

McDermott International, Ltd today announced it has received two separate engineering, procurement, construction and commissioning (EPCC) contract awards from Indian Oil Corporation Limited (IOCL) for the Haldia Refinery and the Barauni Refinery.

The first award is an EPCC contract for a new diesel hydrotreating unit and associated facilities for the Barauni Refinery Expansion Project in Bihar, India.

The second award is an EPCC contract for the catalytic dewaxing unit and associated facilities at the Haldia Refinery in West Bengal, India. The catalytic dewaxing unit will help produce base oil which can be utilized in finished lubricants. India is the world's third-largest user of finished lubricants but is also, with a deficit of base oil, one of the world's largest importers of base oil. Both projects contribute to greater independence for India's domestic energy needs.

"These awards demonstrate our commitment to advancing India's long-term energy market," said Samik Mukherjee, Executive Vice President and Chief Operating Officer. "We look forward to working with Indian Oil Corporation Limited on these prestigious downstream projects, showcasing our dedication to world-class project execution and sharing our leading health and safety protocols."

In line with India's Make in India initiative, McDermott's Senior Vice President, Asia Pacific, Mahesh Swaminathan, emphasized the strength of the local team.

"Our 2,000 personnel in India bring global experience with high levels of technical and project management expertise," said Swaminathan. "These individuals continue to demonstrate the strength of McDermott's vertically-integrated solutions and the positive impact these bring to the Indian downstream market."

The scope of work across the projects includes project management, residual process design, detailed engineering, fabrication, procurement, construction, transportation, mechanical completion and commissioning. Work will commence in quarter two 2021. Both projects will largely be executed by the McDermott team in Gurgaon, India, with some support from Perth, Australia and Brno, Czech Republic.