Cainergy group has secured a consultancy contract from NNPC to provide technical engineering valuation services and determination of impairment loss for all assets in Warri Refinery Petroleum Corporation(WRPC).
The Warri Refinery, being the first Nigerian government wholly owned refinery processing 125,000 barrels of crude oil per day. It was essentially built to add value to some of the refinery by-products such as propylene rich stock and decant oil.
Cainergy would be leveraging on its strengths in engineering and project management with a focus on providing ingenious solutions that covers asset lifecycle management of the WRPC assets. With core knowledge of asset management, Cainergy has continuously pushed the boundaries of technology with a continuous delivery of innovative solutions whilst ensuring exceptional service to our clients.
On this project Cainergy would be partnering with financial angel consulting to determine financial/accounting cash flow considerations and validation of the value in use of the WRPC assets. This award reflects Cainergy’s commitment to enhance the performance of WRPC’s assets through an open collaboration approach, with the integration and application of innovative technologies and ideas whilst leveraging on previous expertise.
This award showcases our well-recognized capabilities as a leading EPC and asset management company. Our innovative services aim to suit the needs of communities where our clients operate thereby fostering productive relationships between the communities and key operators / asset owners, organizations, and other stakeholders. We leverage on many years of combined experience in excellent delivery of large-scale projects locally and worldwide. We provide maintenance excellence and superior integrity management solutions, which encompasses full program development stemming from strategy development through to design, planning, implementation, and capacity development.