Worlds Largest Underground Oil Storage Contract

South Georgia and The South Sandwich Islands has Released a tender for Worlds Largest Underground Oil Storage Contract in Consultancy. The tender was released on Mar 15, 2019. The GT reference number for the notice is 442883984. The scope of work comes under

Country - South Georgia and The South Sandwich Islands

Summary - Worlds Largest Underground Oil Storage Contract

Deadline - Dec 31, 2022

Authority Name - login to view

Organization Details:

Address - South Georgia and The South Sandwich Islands

Contact details - 565656565

Tender notice no. - 76454545

GT Ref Id - 442883984

Document Type - Tender Notices

Notice Details:

Description - Contract Awarded for worlds largest underground oil storage contract oil storage, with a capacity of 42 million barrels of crude oil, in the Emirate of Fujairah on the eastern coast of the United Arab Emirates. An Engineering, Procurement and Construction (EPC) contract has been awarded to South Korea’s SK Engineering and Construction Co. Ltd (SKEC) to construct the three underground storage caverns, each with a capacity of 14 million barrels, deep below ground level. The EPC contract is the largest for a single project award for underground crude oil storage in the world and is valued at US$1.21bn with approximately 50 per cent of the contract spend feeding back into the UAE economy through ADNOC’s In-Country Value program. When complete in 2022, the ADNOC Fujairah Underground Storage will be one of the largest facilities of its kind in the world and able to store three different types of crude oil, providing ADNOC with increased flexibility to export crude through Fujairah’s Arabian Sea oil terminal.

Gt Ref Id - 442883984

Type of Tender - Not Specified

Tender Notice No. - Not Provided

Deadline - Dec 31, 2022

Document Type - Tender Notices

Updates - N.A

Documents :

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