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TechnipFMC wins contract for Exxon’s Beaumont refinery expansion

Published 01/31/2019, 03:58 PM
© Reuters.  TechnipFMC wins contract for Exxon’s Beaumont refinery expansion
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  • TechnipFMC (FTI -0.8%) says it was awarded a "large" contract for work on Exxon Mobil 's (XOM +1.3%) to provide detailed engineering, procurement, and construction for Exxon Mobil's (NYSE:XOM) recently approved expansion of refining capacity by more than 65% at its 366K bbl/day Beaumont, Tex., refining complex.
  • FTI says the scope of work under the "large" contract - which the company values at $500M-$1B - covers the addition of four units at the refinery, including an atmospheric pipe still, kerosine hydrotreater, diesel hydrotreater and benzene recovery unit.
  • Already under construction, the expansion project will add a third crude unit within the refinery’s existing footprint that will increase light crude refining capacity at the site by 250K bbl/day.
  • Now read: The Bell Tolls For Schlumberger (NYSE:SLB) That It Is Time To Buy


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