Chevron-Mcdermott Jv Wins India Contract

Source Press Release
Company Chevron CorporationMcDermott International, Inc. 
Tags Service Contracts, Refining & Marketing Activities
Date April 03, 2019

Chevron Lummus Global (CLG), a joint venture of Chevron and McDermott International, Inc., has won a licensing and basic engineering design contract for a delayed coker for a planned Chennai Petroleum Corp. Limited (CPCL) refinery in India, McDermott reported Wednesday.

McDermott stated that the contract calls for licensing and basic engineering design of a 2,500-kiloton per annum (KTA) delayed coker at CPCL’s planned Cauvery Basin Refinery at Nagapattinam in India’s Tamil Nadu state.

According to a 2018 summary of the project on India’s Ministry of Environment, Forest and Climate Change website, CPCL – a unit of Indian Oil Corp. Limited – plans to build the 9 million tonnes per annum (MMTPA) grassroots refinery at the site of its existing 1-MMTPA Cauvery Basin Refinery after dismantling the current facility.

“This award represents the continued trust in our advanced delayed coking technology by Indian refiners and CPCL in particular,” Leon de Bruyn, senior vice president of McDermott’s Lummus Technology business, said in a written statement emailed to Rigzone. “High flexibility of our coking technology to process opportunity crudes while maximizing yield of valuable products is beneficial for improved refinery margins.”

CLG and CPCL signed the contract during the first quarter of this year, noted McDermott, which added that value of the award ranges from USD $1 million to USD $50 million.

Source: EvaluateEnergy® ©2019 EvaluateEnergy Ltd