| Country |
: |
Qatar |
| Project Value |
: |
USD 1,700,000,000 Estimated |
| Sector |
: |
Oil and Gas | Exploration & Production, Processing & Separation
|
|
Consultant |
: |
Chiyoda Corporation - Qatar
(FEED ) |
|
Contractor |
: |
JGC Corporation
(EPC) |
|
Sub-Contractor |
: |
Consolidated Contractors Company
(Construction) |
| Profile Type |
: |
Contract Project
|
| Associated Projects |
: |
Contract (1) |
|
Phase:
EPC - Execution
|
|
Completion: 2014
|
|
|
|
| Background |
The JV of Qatar PetroleumQatar Petroleum (QPQP) and ExxonMobilExxonMobil plans to construct the onshore gas train as part of its barzan gas development project in Ras Laffan Industrial City.
The Barzan Gas plant aims at producing gas from Qatar's non-associated North field for utilization in the domestic gas related and petrochemical industries.
Ras Laffan Liquefied Natural Gas CompanyRas Laffan Liquefied Natural Gas Company (RasGasRasGas) will operate the project.
Chiyoda CorporationChiyoda Corporation is the FEED study consultant. |
| Expected Events |
| Schedule |
Contract Phase/Phase |
Description |
| 2014 |
Completion | Project expected to be completed
|
|
| Latest Events |
In November 2011, construction of the units started.
In June 2014, the project is expected to be completed. |
| Previous Events |
In the beginning of October 2011, the construction sub-contract to build the Sulphur Recovery and NGL Recovery units was awarded to Consolidated Contracting CompanyConsolidated Contracting Company and mobilization work started.
In August 2011, engineering work was ongoing.
In April 2011, engineering work and site preparations started.
In January 2011, QPQP and ExxonMobilExxonMobil signed a joint venture agreement to develop the project. The EPC contract was awarded to JGC Corporation. The deal includes engineering, procurement and construction of two 850 million cu.ft/d onshore gas processing trains.
On 5 November 2010, commercial bids for the EPC contract were submitted (delayed from October 2010).
On 20 August 2010, technical bids for the EPC contract were submitted (delayed from 13 August).
On 1 April 2009, the ITB for the EPC contract was issued.
On 28 of March 2010, pre-qualification documents were submitted.
On 30 November 2009, bidders submitted their EOI for the EPC contract.
In June 2009, QPQP requested Chiyoda CorporationChiyoda Corporation to conduct engineering works for the project.
In March 2009, QPQP and ExxonMobilExxonMobil decided to delay the project up to a year to benefit from the decrease in costs and to study the possibility of sourcing gas from a new structure in the North field.
In May 2008, the FEED study contract was awarded to Chiyoda CorporationChiyoda Corporation.
In October 2007, J Ray McDermottJ Ray McDermott submitted a pre-FEED study.
In Q4 2007, QPQP and ExxonMobilExxonMobil started preparing tender documents for the FEED study contracts for the onshore and offshore packages.
On 20 February 2007, Qatar PetroleumQatar Petroleum and ExxonMobilExxonMobil launched Barzan gas project and signed Statement of Participation Principles for the initial phase and Heads of Agreement (HoA) for all future phases of the project. |
| Scope of Work |
Work includes the construction of:
- Two 850 million cu.ft/d onshore gas processing trains
- Sulphur Recovery Unit
- NGL Recovery Unit to produce methane, ethane, propane, butane and condensate. |
| Financing Source |
Royal Bank of ScotlandRoyal Bank of Scotland is the financial adviser.
In the beginning of 2012, the company is expecting to reach a financing close on USD 2.5 billion direct loans with export credit agencies.
In December 2011, Qatar PetroleumQatar Petroleum and ExxonMobilExxonMobil closed the commercial financing deal for USD 3.8 billion. The deal includes, USD 3.3 billion as a conventional bank tranche, and USD 850 million Islamic debt tranche.
On 31 August 2011, the commitments documents were submitted for the commercial financing deal.
On 18 July 2011, the commercial bank financing was launched.
In November 2010, QPQP and ExxonMobilExxonMobil started negotiations with export credit agencies to secure funding for the project.
In November 2009, the financial adviser contract was awarded to the Royal Bank of ScotlandRoyal Bank of Scotland. The contract includes an initial 3 month assessment of the project, and the role of the financial adviser for the development. |
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| Project News |
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