TR receives the letter of intent for the Sines refinery extension in

TR receives the letter of intent for the Sines refinery extension
in Portugal
Técnicas Reunidas (TR) received a letter of intent before a contract
formalisation with “Galp Energy”, for the Sines refinery extension
project execution, in competition with the main European engineering
companies.
The Project includes new units of hydrocracker, hydrogen, LPG, acid
waters and several changes in the crude, vacuum, visbreaker, FCC,
and sulphur recovery units, and also, auxiliary services and off sites.
The project was awarded under the model known in the market as
OBE’s (“Open Book Estimate”).In the first phase, which is scheduled to
last 16-22 months, TR will perform the project’s detailed engineering
and purchase some of the main equipment, as well as drawing up a
comprehensive estimate of the investment involved, pursuant to a
cost-reimbursable services contract. The second phase will take place
from the sixteenth month and in this phase the contract will convert
into a LSTK project, including the construction of the project.
Engineering works will start during September.
“Galp Energy” is the main petroleum company in Portugal and Sines is
the greatest refinery of the country, and this project implies significant
capacity and conversion increase.
TR is among the leading international oil, gas and electricity
generation engineering and construction companies.