CB&I
Chicago Bridge & Iron company (CB&I) has been awarded a contract worth approximately $60mn by the Zakum Development Company, a subsidiary of the Abu Dhabi National Oil Company (ADNOC) for the refurbishment of two storage oil tanks on Zirku Island, located about 25km northwest of Abu Dhabi.
Since Q3 2014, CB&I had already been working for ADMA-OPCO, another ADNOC subisidiary, as part of a $90mn contract to conduct a major overhaul of five crude oil storage tanks on Das Island, ADMA-OPCO’s main industrial base in the UAE.
On the downstream side, the joint venture between CB&I and Taiwan’s CTCI Corporation was awarded a $2.8bn contract for the Liwa Plastics project in Sohar, Oman, late last year. The deal was signed with Oman Oil Refineries and Petroleum Industries Company (Orpic) and will see the JV build the steam cracker and associated utilities, including a grassroots 880-ktpa ethylene plant, pygas unit and MTBE unit. CB&I’s scope of work also includes the construction of cryogenic and atmospheric storage tanks and pipe spool fabrication. The cracker will use CB&I’s SRT cracking heaters, and its recovery section design, which features low-pressure separation and mixed refrigeration.
