Maire Tecnimont has been awarded a contract by Nigerian National Petroleum Company (NNPC) to carry out a complete integrity check and equipment inspections of the Port Harcourt Refinery Complex, owned by Port Harcourt Refinery Company Limited (PHRC), a subsidiary of NNPC.
The complex is composed of two refineries totalling an overall capacity of 210,000 bpd. The equipment inspections and integrity check are preparatory to a second phase which entails a full rehabilitation of the complex, aimed at restoring the refining capacity to a minimum 90 per cent of capacity utilisation. The second phase, subject to the successful completion of the integrity check, will be carried out on an EPC basis by Tecnimont and Tecnimont Nigeria, in collaboration with a partner.
The two-phase revamping project is strategic to the development of the Nigerian hydrocarbons downstream sector, by ramping up its in-country refining capacity, while upgrading processes and ensuring higher-quality, value-added products.
Pierroberto Folgiero, Maire Tecnimont chief executive officer, said: “With this first significant step in Nigeria we confirm the soundness of our business strategy, as one of the key elements is to assist our clients in their revamping initiatives, thanks to our technological mindset. Moreover, this contract is a strategic step to enhance our footprint in Sub-Saharan Africa, a market with excellent downstream prospects given its demographics, a fast-growing middle class, and the necessity to unlock and retain locally added value by processing natural resources.”