| Also Known As |
: |
YERP - PKG4 |
| Country |
: |
Saudi Arabia |
| Project Value |
: |
USD 1,200,000,000 Estimated |
| Sector |
: |
Oil and Gas | Refinery, Processing & Separation
|
|
Consultant |
: |
KBR
(FEED) |
|
PMC |
: |
KBR
|
|
Contractor |
: |
Daelim Industrial Company
(EPC) |
| Profile Type |
: |
Contract Project
|
| Associated Projects |
: |
Contract (8) |
|
Phase:
EPC - Execution
|
|
Completion: Q3 2014
|
|
|
|
| Background |
Red Sea Refining CompanyRed Sea Refining Company plans to build a hydrocracker facility at its Yanbu Export Refinery, in Yanbu Industrial City, Saudi Arabia.
The feedstock will be mainly provided from the Manifa oilfield.
KBRKBR is the PMC and FEED study consultant. |
| Expected Events |
| Schedule |
Contract Phase/Phase |
Description |
| Q3 2014 |
Completion | Project expected to be completed
|
|
| Latest Events |
In January 2012, construction of the units was ongoing.
In Q3 2014, the project is expected to be completed. |
| Previous Events |
In May 2011, construction of the units started.
In March 2011, Saudi Arabian Oil Company (AramcoAramco) and SinopecSinopec 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 Daelim Industrial CompanyDaelim Industrial Company.
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 re-submitted.
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 their decision to halt the bidding process for the EPC contract.
13 December 2008 was the initial commercial and technical bids submission deadline for the EPC contract (delayed from 3 November 2008).
In July 2008, the ITB for the EPC contract was issued. |
| Scope of Work |
Construction of:
- Hydrocraker (HCK)
- Hydrogen Unit |
| Financing Source |
CitibankCitibank and Riyad BankRiyad Bank are the financial advisers.
In August 2006, CitibankCitibank and Riyad BankRiyad 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 - Offsite Pipelines |
USD 1,500,000,000 |
|
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 - 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 |
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Package Project
Contract Project
|
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