| Country |
: |
Saudi Arabia |
| Project Value |
: |
USD 1,500,000,000 |
| Sector |
: |
Oil and Gas | Refinery, Transportation
|
|
Consultant |
: |
KBR
(FEED) |
|
PMC |
: |
KBR
|
|
Contractor |
: |
Dayim Punj Lloyd Construction Contracting Company
(EPC) |
| Profile Type |
: |
Contract Project
|
| Associated Projects |
: |
Contract (8) |
|
Phase:
EPC - Execution
|
|
Completion: Q1 2014
|
|
|
|
| Background |
Red Sea Refining CompanyRed Sea Refining Company plans to develop the offsite pipelines package as part of the Yanbu Export Refinery project in Yanbu Industrial City, Saudi Arabia.
KBRKBR is the PMC and FEED study consultant. |
| Expected Events |
| Schedule |
Contract Phase/Phase |
Description |
| Q1 2014 |
Completion | Project expected to be completed
|
|
| Latest Events |
In May 2012, construction of the pipeline started.
In Q1 2014, the project is expected to be completed. |
| Previous Events |
In February 2012, mobilization and engineering work were in progress.
In March 2011, Saudi Arabian Oil Company (AramcoAramco) and Sinopec signed the initial joint venture agreement to develop the refinery.
In August 2010, engineering work started.
On 28 July 2010, the EPC contract was officially signed between AramcoAramco and Dayim Punj LloydDayim Punj Lloyd.
In June 2010, AramcoAramco decided to move ahead with the project alone and formed a new company known as the "Red Sea Refining CompanyRed Sea Refining Company" to execute the project.
On 21 April 2010, ConocoPhillipsConocoPhillips announced that it withdrew from the project JV.
On 26 January 2010, bids for the EPC contract were submitted (delayed from 31 January 2010).
On 5 August 2009, the combined PMC and FEED study contract was awarded to KBRKBR.
In June 2009, the ITB for the EPC contract was re-issued.
In April 2009, pre-qualification applications for the EPC contract were submitted.
On 6 November 2008, AramcoAramco and ConocoPhillipsConocoPhillips announced the decision to halt the bidding process.
15 November 2008 was the initial bid submission deadline for the EPC contract.
In August 2008, the ITB for the EPC contract was issued. |
| Scope of Work |
Construction of the offsite pipelines including:
- Reinforced Thermosetting Plastic seawater supply and return pipeline (114 inch/ 134inch x 8.4 Km)
- Onshore crude oil pipeline (30 inch x 6.75 Km)
- Onshore Iso butane / butane pipeline (6 inch x 4.50 Km)
- Pipelines for various hydrocarbons (12inch/24inch/36 inch x 2 Km)
- Other utility pipelines for processing potable water, sewer and fuel gas supply (6inch/16inch/20inch)
- Custody metering system for butane and propane
- Civil, electrical and field instrumentation works |
| Financing Source |
CitibankCitibank and Riyad bankRiyad bank are the financial advisers.
In August 2006, CitibankCitibank and Riyad Bank were awarded the advisory mandate. |
| Contract Packages |
| Type |
Project Name |
Contract Value |
 |
Red Sea Refining Company - Yanbu Export Refinery |
USD 12,000,000,000 |
|
Red Sea Refining Company - Yanbu Export Refinery - Coker Package (Package 1) |
USD 1,200,000,000 |
|
Red Sea Refining Company - Yanbu Export Refinery - Crude Block Package (Package 2) |
USD 970,000,000 |
|
Red Sea Refining Company - Yanbu Export Refinery - Gasoline Distiller Package (Package 3) |
USD 2,300,000,000 |
|
Red Sea Refining Company - Yanbu Export Refinery - Hydrocracker Package (Package 4) |
USD 1,200,000,000 |
|
Red Sea Refining Company - Yanbu Export Refinery - Hydrogen Production Units |
USD 450,000,000 |
|
Red Sea Refining Company - Yanbu Export Refinery - Interconnecting Systems (Specialty Package 6) |
USD 216,000,000 |
|
Red Sea Refining Company - Yanbu Export Refinery - Solids Handling (Specialty Package 3) |
USD 450,000,000 |
|
Red Sea Refining Company - Yanbu Export Refinery - Tank Farm |
USD 400,000,000 |
|
| Project News |
|
|
| Schedule | Contract Phase/Phase | Description |
| Aug 2008 |
EPC | ITB issued
|
| 15 Nov 2008 |
EPC | Initial bids submission deadline
|
| Apr 2009 |
EPC | Pre-qualification applications submitted
|
| Jun 2009 |
EPC | ITB re-issued
|
| 05 Aug 2009 |
FEED | Combined PMC and FEED study contract awarded to KBRKBR
|
| 26 Jan 2010 |
EPC | Bids re-submitted
|
| 28 Jul 2010 |
EPC | Contract officially signed between AramcoAramco and Dayim Punj LloydDayim Punj Lloyd
|
| Aug 2010 |
EPC | Engineering work started
|
| Mar 2011 |
Planning | Initial joint venture agreement to develop the refinery signed between Saudi Arabian Oil Company (AramcoAramco) and Sinopec
|
| May 2012 |
EPC | Construction started
|
| Q1 2014 |
Completion | Project expected to be completed
|
|
|
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Master Project
Package Project
Contract Project
|
|
 |
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|
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