Wison Offshore & Marine Announces Award for the Construction of RPLC Refinery Conversion Modules

Shanghai, China – 13th May, 2013 – Wison Offshore & Marine Ltd., a subsidiary of the Wison Group, announced today the award of a contract to supply key modularized components for a major refinery project in Venezuela. The contract marks a significant breakthrough for Wison Offshore & Marine’s   entry into the onshore module fabrication sector.

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 a 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 tonnes, 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, pre-commissioning and loadout, while the Hyundai-Wison consortium will provide the pipeline, equipment and electric and instrumentation.

“This project represents a key milestone in developing our strategy of becoming a global leader in the supply of large-scale module fabrication services to both the onshore and offshore oil and gas market,” commented Wison Offshore & Marine Executive Vice President, Dr. L. Dwayne Breaux.