17-04-2012, 09:26 PM
Usually a refinery project will cost between US$8-9 billion. They are typicaly awarded out in various packages. Nobody bids for lump sum turnkey in these projects anymore due its enormous size and substantial execution risks (esp in countries like India) and tight labour/materials market in the energy industry. So usual approach is to appoint a PMC who will oversee the progress by various sub-contractors. I suppose Boustead will go after some of the smaller work packages.