| Also Known As |
: |
Rabigh phase II |
| Country |
: |
Saudi Arabia |
| Project Value |
: |
USD 7,000,000,000 Estimated |
| Sector |
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Petrochemicals | Olefins & Aromatics |
|
Consultants |
: |
JGC Arabia Limited
(FEED) |
KBR
(Basic Engineering ) |
|
PMC |
: |
JGC Arabia Limited
(PMS) |
| Profile Type |
: |
Master Project
|
| Associated Projects |
: |
Contract (8) |
|
Phase:
EPC - Bid Evaluation
|
|
Completion: Q1 2015
|
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| Owner |
: |
Jv of Saudi Arabian Oil Company and Sumitomo Corporation
|
| Shareholders |
: |
Sumitomo Chemical CompanySumitomo Chemical Company - Japan - 50.00 %
Saudi Arabian Oil CompanySaudi Arabian Oil Company - Saudi Arabia - 50.00 %
|
| Location |
: |
Rabigh, Makkah , Saudi Arabia
|
| Contract Type |
: |
EPC - Engineering, Procurement, Construction |
| Payment Terms |
: |
Lump Sum Turnkey (LSTK) |
| Facility Type |
: |
Petrochemical complex |
| Capacity |
: |
30 million cu.ft./d of ethane
800,000-850,000 t/y of paraxylene
200,000-400,000 t/y benzene unit
600,000 t/y of polyethylene
275,000 t/y of phenol |
|
| Background |
The JV of Saudi Arabian Oil CompanySaudi Arabian Oil Company and Sumitomo Chemical CompanySumitomo Chemical Company plans to expand the PetrorabighPetrorabigh integrated refinery and petrochemical complex at Rabigh, Saudi Arabia.
This is phase 2 which includes the expansion of the ethane cracker and the construction of five petrochemical plants, an aromatics complex and an ethylene cracker debottlenecking plant.
The project aims at producing specialist petrochemicals such as paraxylene, vinyl acetate monomer and other petrochemical products based on feedstock such as ethylene, propylene, benzene and natural gas liquids (NGL). The project also aims at increasing gasoline production.
KBRKBR is the basic engineering consultant.
JGC CorporationJGC Corporation is the PMS and FEED study consultant. |
| Expected Events |
| Schedule |
Contract Phase/Phase |
Description |
| Q1 2015 |
Completion | Project expected to be completed
|
|
| Latest Events |
In May 2012, the EPC contracts for several packages were awarded. The cumene, phenol, and cyclohexanone package was cancelled.
In Q3 2012, the EPC contract for the caprolactam and nylon-6 plants package is expected to be awarded.
In Q1 2015, the whole project is expected to be completed. |
| Previous Events |
In March 2012, the company decided to conduct an internal review of the results of the feasibility study to decide on the development of the project.
In February 2012, bids for the EPC contracts for several packages were under evaluation.
In October 2011, bids for the EPC contracts for several packages were under evaluation.
In September 2011, the seven packages were in the tendering and bidding phase for the EPC contract.
In Q2 2011, the FEED study was completed.
In March 2011, the FEED study was ongoing. The JV of Saudi Arabian Oil CompanySaudi Arabian Oil Company and Sumitomo Chemical CompanySumitomo Chemical Company was in the process of prequalifying companies for the EPC contracts.
In December 2009, the contract to provide basic engineering and related services for the detailed feasibility study was awarded to KBRKBR.
On 23 June 2009, two cost-reimbursable Engineering and Project Management Services contracts for the feasibility study were awarded to JGC CorporationJGC Corporation (out-of-Kingdom work) and JGC Gulf International (in-Kingdom work).
On 19 April 2009, AramcoAramco, Sumitomo Chemical CompanySumitomo Chemical Company and PetrorabighPetrorabigh signed the MoU to conduct the feasibility study for the project. The feasibility study will be conducted by the JV of AramcoAramco and Sumitomo Chemical CompanySumitomo Chemical Company and PetrorabighPetrorabigh will provide support and assistance and will evaluate the viability of the project.
On 11 April 2009, bids for the combined Engineering and Project Management Services contract were submitted.
In Q1 2009, pre-qualification for the combined Engineering and Project Management Services contract was completed.
In Q4 2008, the combined Engineering and Project Management Services contract was re-tendered.
In November 2007, pre-qualification documents for the combined Engineering and Project Management Services contract were submitted.
In October 2007, RFP for the combined Engineering and Project Management Services contract was issued. |
| Scope of Work |
Construction of a refinery and petrochemical complex including:
-Aromatics complex package that includes:
-A paraxylene (PX) plant with a capacity of 800,000-850,000 t/y
-A benzene unit with a 200,000-400,000 t/y capacity
-Ethylene cracker debottlenecking plant package
-Acrylic acid and SAP Plants package
-Methyl Tertiary Butyl Ether plant (MTBE) package
-EVA/LDPE plants package with a capacity of 600,000 t/y of polyethylene
-Caprolactam and Nylon-6 plants package
-Cumene, phenol and cychlohexanone plants package with a capacity of 275,000 t/y of phenol
Expansion of the the ethane cracker by 30 million cu.ft./d |
| Financing Source |
HSBCHSBC and Sumitomo Mitsui Banking CorporationSumitomo Mitsui Banking Corporation are the financial advisers.
In Q1 2013, financing of the project is expected to be finalized.
In Q4 2011, a final investment decision is expected to be taken.
In February 2010, HSBCHSBC and Sumitomo Mitsui Banking CorporationSumitomo Mitsui Banking Corporation were appointed the financial advisers. |
| Contract Packages |
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| Project News |
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Key:
Master Project
Package Project
Contract Project
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