Wison Engineering Ltd. has been officially awarded an EPC contract by PDVSA Petroleo, S.A. (PDVSA), at the Puerto la Cruz oil refinery. Hyundai Engineering & Construction Co. Ltd. and Hyundai Engineering Co,. Ltd. are jointly participating in the project as Consortium Hyundai-Wison. The total contract is valued at approximately USD 2.993 billion; of this amount, Wison Engineering will receive a share equivalent to approximately USD 927.8 million. Consortium Hyundai-Wison will carry out Engineering, Procurement, Construction and Start-up assistance of the Environmental Units, Auxiliary Units and Revamp of Atmospheric Distillation Units of the Deep Conversion Project, Puerto la Cruz Refinery, which is located about 250km east of the Venezuelan capital of Caracas. The project will upgrade refinery facilities to process heavy crude oil, with a capacity of 210,000 barrels/day. In addition, the contract calls for the expansion of gasoline, diesel and aviation kerosene projects and other facilities. The project is expected to be completed within 42 months from its commencement.
Dong Hua, Vice President of Wison Engineering said: “Venezuela has become one of the key important markets for Wison Engineering as the company focuses on its international business development. We are very proud to be recognized by PDVSA on our project management capabilities that we have accumulated over the years. In addition, we are very happy to partner with Hyundai in this project at the time we are developing the global market.”