Wison Announces Venezuela Contract

Wison Offshore & Marine Ltd., a subsidiary of the Wison Group, announced has the award of a contract to supply key modularized components for a major refinery project in Venezuela.

The project, known as the Venezuela Puerto La Cruz Refinery Deep Conversion Project, was awarded to Wison Offshore & Marine by Hyundai‐Wison, a consortium of Hyundai Engineering & Construction Co., Ltd. (HDEC), Hyundai Engineering Co., Ltd. (HEC) and Wison Engineering Ltd. (Wison Engineering), following a competitive bid. Hyundai‐Wison is serving as the Engineering,

Procurement and Construction contractor for the project under an Prime Contract with the refinery owner, Petroleos De Venezuela, S.A. (PDVSA).

Wison Offshore & Marine will begin construction of the project, which will include pipe racks and equipment modules totaling approximately 26,000 tons, at its Chinese fabrication facilities in August. Under the scope of the contract Wison Offshore & Marine will be responsible for the fabrication design of the steel structures, material procurement, construction, precommissioning and loadout, while the Hyundai‐Wison consortium will provide the pipeline, equipment and electric and instrumentation.