CHENNPETRO awards Cauvery Basin Refinery Project contract to McDermott
Chennai Petroleum Corporation Limited (CPCL or CHENNPETRO) has awarded a contract to McDermott pertaining to the $4.3 billion Cauvery Basin Refinery Project in Nagapattinam, Tamil Nadu.
The contract is for providing project management consultancy (PMC) and engineering, procurement and construction management (EPCM) consultancy services for Package 2 of the refinery project in India.
It marks the fourth contract for McDermott in India this year.
Commenting on the Cauvery Basin Refinery Project contract, Samik Mukherjee — McDermott Executive Vice President and Chief Operating Officer said: “This award demonstrates our strategic commitment to support India’s domestic energy goals and to broaden our portfolio with PMC services.
“Our experienced workforce in Gurgaon and Chennai will apply their deep knowledge in downstream refining technology and in local project execution to work as a strategic partner, supporting the expansion of India’s refining capacity.”
The new refinery complex under the Cauvery Basin Refinery Project will manufacture fuels to Bharat Stage (BS-VI) emissions standards, a higher standard of fuel that lowers carbon emissions. It will also serve the rising fuel demands of southern India, said McDermott.
Following the completion of the Cauvery Basin Refinery Project, the facility will have a capacity of producing nine million metric tons per annum.
Mahesh Swaminathan — McDermott Senior Vice President, Asia Pacific said: “We welcome the opportunity to work with Chennai Petroleum Corporation Limited to demonstrate our local capability in engineering and project management consultancy services.
“Our global PMC expertise can only serve to strengthen India’s domestic energy markets.”
The scope of the Cauvery Basin Refinery Project contract will be performed by McDermott from its office in Gurgaon with work slated to commence in Q3 2021.
Last month, Engineers India Limited (EIL) won a contract worth INR 1,039 crores for executing the EPCM-1 with MPMC and EPCM-3 services for the Cauvery Basin Refinery Project.