Samsung Engineering announced on August 16 that it won two contracts from two subsidiaries of PTT, a Thailand state-owned oil & gas company. The combined value of the contracts reaches approximately US$500 million, covering a petrochemical project and a power generation project located in Rayong, 150km southeast of Bangkok.
Samsung Engineering will deliver the two projects on an EPCC (Engineering, Procurement, Construction and Commissioning) lump-sum turnkey basis. The power generation project and the petrochemical project are expected to be delivered in 2019 and in 2020, respectively.
Samsung Engineering has been doing the business in Thailand for more than 25 years, starting from 1991. During the period, the Korean engineering company has delivered 21 projects to the Southeast country, including 17 projects to PTT, which proves that Samsung Engineering has continuously gained the trust in delivering world class plants from Thai companies like PTT.
PTT’s global scale Gas Separation Plant (GSP-6), which was completed in 2010 and received the “Distinguished Project Award” from the Project Management Institute (PMI), is highlight of the sustainable and successful partnership between PTT and Samsung Engineering.
“By joining hands with PTT, we are privileged to execute these two prestigious projects. With a continuous trust and opportunity, Samsung Engineering will do its utmost efforts to deliver top class plants to Thailand.” Choong Heum Park, President and CEO of Samsung Engineering said.