TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) has been awarded a large(1) reimbursable contract by ExxonMobil for detailed engineering, procurement, and construction for the recently announced crude expansion project in Beaumont, Texas, USA.
The awarded scope covers the addition of four new units – atmospheric pipe still, kerosene hydrotreater, diesel hydrotreater and benzene recovery at ExxonMobil’s Refinery.
The new units of this expansion project will be integrated into the existing facilities at the refinery. The expansion will optimize the facility by giving ExxonMobil the flexibility to run lighter crudes.
Nello Uccelletti, President of TechnipFMC’s Onshore/Offshore business, stated: “We are pleased to have been awarded this contract by our long-term client, ExxonMobil. We look forward to bringing our global project execution capabilities, extensive U.S. Gulf Coast execution experience and leadership in the refining sector to this significant refinery expansion project for ExxonMobil.”
(1)For TechnipFMC, a “large” contract ranges between $500 million and $1 billion