The Shaw Group Inc. (NYSE: SHAW) today announced it has been awarded a contract by Abu Dhabi Oil Refining Company (Takreer) to provide project management consultancy services during the engineering, procurement and construction phase of a base oils plant at the Ruwais Industrial Complex in Abu Dhabi.
The planned facility will be capable of producing 500,000 tons per year of Group III base oils, as well as 100,000 tons per year of Group II base oils, and is scheduled to begin commercial production in 2013. Group II and III base oils are used for blending top-tier lubricants for car engines.
“Our recent involvement with Takreer began when our Residue Fluid Catalytic Cracking technology was selected for what will be the world’s largest RFCC unit,†said Lou Pucher, president of Shaw’s Energy & Chemicals Group. “Today, our involvement continues as we enhance our project management consultancy credentials by supporting Takreer in the development of this base oils plant.â€
The undisclosed value of the contract was included in Shaw’s Energy & Chemicals segment’s backlog of unfilled orders in the third quarter of fiscal year 2010.
The Shaw Group Inc. (NYSE:SHAW) is a leading global provider of engineering, construction, technology, fabrication, remediation and support services for clients in the energy, chemicals, environmental, infrastructure and emergency response industries. A Fortune 500 company with fiscal year 2009 annual revenues of $7.3 billion, Shaw has approximately 28,000 employees around the world and is the power sector industry leader according to Engineering News-Record’s list of Top 500 Design Firms. For more information, please visit Shaw’s website at www.shawgrp.com.
