Wison Engineering Awarded the SRU Contract by ADNOC

Shanghai, China – 10th September, 2018: Wison Engineering Services Co. Ltd. (“Wison Engineering” or “Company”) (Stock code: 2236.HK) is pleased to announce that Wison Energy Engineering (Hong Kong) Limited - Abu Dhabi (an indirect wholly-owned subsidiary of the Company), as contractor, was recently awarded an Engineering, Procurement, Construction, Commissioning and Start-Up (EPC) Works Project, to improve sulphur recovery efficiency at the Abu Dhabi National Oil Company (ADNOC) owned Ruwais Refinery Complex. The total consideration under the contract is approximately US$80 million. The Sulphur Recovery Unit (SRU) Replacement Project is scheduled to be completed in 2021.

The Sulphur Recovery Unit (Unit 106) Replacement Project Wison Engineering signed in Abu Dhabi stands for a high recognition to Wison Engineering in the Middle East chemical industry (Before, Wison Engineering had successfully delivered one EPCC Project to ADNOC). Meanwhile, the project is taking another significant step forward in delivering ADNOC’s Downstream strategy and will play a significant role in increasing value from existing assets.

Abdulla Ateya Al Messabi, Manager of ADNOC’s Refining & Petrochemicals Business Unit, said: “The contract has been awarded after a rigorous and robust tendering process. Wison Energy Engineering was selected for its track record in delivering related projects. It will allow us to enhance the value from our existing resources and assets by increasing the efficiency of our operations and reducing operational and maintenance costs.”

Zheng Shifeng, Senior Vice President of Wison Engineering, said: “We appreciate the trust and support rendered by ADNOC. As one of the leading EPC and technical service providers in China, we will fully leverage our advantages as a Chinese enterprise while maintaining close communication with ADNOC on driving ICV for the UAE. We will work closely with ADNOC and give the firm support to maximise spending on local goods and services, to support socio-economic growth, improve knowledge transfer, and create job opportunities for UAE nationals by providing differentiated and high value-added services.”