To meet its growth targets and the service demands of its customers, SKEC sought a more intelligent, integrated, collaborative and optimized EPC process system.
The move to integration mode allows SKEC to leverage project information and knowledge to improve and automate work processes, boosting collaboration and effectiveness.
Based in Seoul, Korea, SKEC
is a multinational conglomerate with operations in the energy, housing, architectural, infrastructure, and telecommunications sectors.
Oh-Young LEE, Project Procurement Chief Manager of the Fourth Gas Train Project Team, SKEC
We are executing projects for the Shaybah LNG project and the Wasit Gas mega projects with Samsung Engineering and SKEC
to design, manufacture and supply high brackish water reverse osmosis (HBRO) plants and chemical injection skids," says Khan.
Commenting on the milestone, CEO Maurice Brand said: the execution of the MoU with KBR and SKEC
was a further positive step towards the formation of the EPC JV that will provide the EPC wrap that is required by both project lenders and equity participants.
If this happens, the unconditional payment obligation of PEMEX Refinacion under the Lump Sum Contract and payments by Siemens and SKEC
under their support agreements should be sufficient to repay the outstanding financing in full.
A large part of the difference comes from a commission paid to USFilter in relation to the sale to Wood Group, business development expenses mostly related to new quotations and especially to the project with SKEC
, the launch of the new web site, and the participation of TCI in conferences and trade shows.
SKEC, Siemens and Tribasa won the international tender to undertake the Project through a competitive bidding process completed by Pemex in February.
SKEC is a construction and engineering company that is affiliated with the SK Group, the fifth largest conglomerate in Korea.
Under terms of the project, SKEC
and its consortium members will arrange construction financing and carry out basic design, engineering, supply, procurement of materials, construction, installation, completion, refurbishing, operations, warranty and commissioning activities.
is completing detailed site surveys and will commence offshore dredging and site preparation work in July 1995 with installation of the pipeline and SPM facility in December 1995.