Maire Tecnimont SpA has announced that its subsidiary, Tecnimont SpA, has been awarded a contract by the Federal Executive Council to carry out rehabilitation works for the Port Harcourt Refinery Co Ltd, located in Port Harcourt, Rivers State, Nigeria, which is a subsidiary of Nigerian National Petroleum Co (NNPC).

The overall value of the contract is about $1.5 billion. The project entails engineering, procurement and construction (EPC) activities for a full rehabilitation of the Port Harcourt refinery complex, aimed at restoring the complex to a minimum of 90 percent of its nameplate capacity.

The complex is composed of two refineries totalling an overall capacity of approximately 210,000 bpd. The project will be delivered in phases from 24 and 32 months and the final stage will be completed in 44 months from the award date.

Pierroberto Folgiero, Maire Tecnimont Group chief executive officer, said: “With this great result we confirm the soundness of our business strategy on geography diversification, as one of its key elements is to grow and assist our clients in their revamping initiatives, leveraging on our technological know-how to ensure more efficient and environmentally better performing processes and products.

“It represents a testament of our technological DNA, as we are strongly increasing our focus on initiatives for the modernisation of the refining sector, such as these strategic rehabilitation works.”

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12th April 2021