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Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Tatsuo Yasunaga), jointly with the Korean engineering company GS Engineering and Construction Corp.("GS") as the consortium ("Consortium") were awarded a contract from Oman Oil Refinery and Petroleum Industries Company SAOC ("ORPIC") for the Engineering, Procurement, and Construction ("EPC") package of NGL Extraction Plant, and is scheduled to conclude the EPC contract with ORPIC on December 17, 2015.
Mitsui has a notable track record in the upstream oil and gas sector in Oman through its participation in onshore oil and gas production and the Oman LNG project, and in the power sector, through its participation in the Salalah-2 IPP project which Mitsui was awarded this year. The captioned Liwa project will be the first EPC project in the oil and gas sector in Oman for Mitsui, which will lead to further growth of the oil and gas sector in Oman. Mitsui will continue to aim at winning contracts for quality projects and will contribute to the development of infrastructure in Oman as one of the primary countries in the infrastructure development field.
|Plant Description||NGL Extraction Plant with capacity of 670 mmscf/day|
|Client||ORPIC Plastics LLC.
(a project company wholly owned by ORPIC)
|Scope of Work||Engineering, Procurement, Construction of NGL Extraction Plant (Full turnkey basis)|
|Awarded Party||The consortium of Mitsui & Co., Ltd. and GS Engineering and Construction Corp. as consortium leader.|
|Total project cost||Approx. $700 million (approx. ¥84 billion)|
|Time of Delivery||43 months from the effective date of EPC contract|
|Construction site||Fahud, about 300 km south of the Sohar Industrial Port Area, Sultanate of Oman|
This announcement contains forward-looking statements. These forward-looking statements are based on Mitsui's current assumptions, expectations and beliefs in light of the information currently possessed by it and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, financial position or cash flows to be materially different from any future results, financial position or cash flows expressed or implied by these forward-looking statements. These risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest Annual Securities Report and Quarterly Securities Report, and Mitsui undertakes no obligation to publicly update or revise any forward-looking statements.
This announcement is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us.