| Also Known As |
: |
YERP |
| Country |
: |
Saudi Arabia |
| Project Value |
: |
USD 12,000,000,000 Estimated |
| Sector |
: |
Oil and Gas | Refinery |
|
Consultant |
: |
KBR
(FEED) |
|
PMC |
: |
KBR
|
| Profile Type |
: |
Master Project
|
| Associated Projects |
: |
Contract Package (9) |
|
Phase: EPC - Execution
|
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Completion: Q4 2014
|
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| Background |
Red Sea Refining CompanyRed Sea Refining Company plans to develop Yanbu Export Refinery, in Yanbu Industrial City, Saudi Arabia. The refinery will produce motor fuels and other refined products for the US and European markets. The project will be divided into 11 main packages: 4 main processing packages, and 7 other specialty packages. The crude oil will be supplied by AramcoAramco . The feedstock will be mainly provided from the Manifa oilfield. Air Liquide is the hydrogen supplier. KBRKBR is the PMC and FEED study consultant. |
| Expected Events |
| Schedule |
Contract Phase/Phase |
Description |
| Q4 2014 |
Completion | Project expected to be completed
|
|
| Latest Events |
In January 2012, construction of the main units was ongoing. In Q4 2014, the project is expected to be completed. |
| Previous Events |
In March 2011, Saudi Arabian Oil CompanySaudi Arabian Oil Company (AramcoAramco ) and SinopecSinopec signed the initial joint venture agreement to develop the refinery and a USD 216 million construction contract for the Interconnecting Systems (Specialty Package 6) was awarded to Mohammad Al Mojil GroupMohammad Al Mojil Group and construction started. In August 2010, engineering work started for the project and the EPC contract for the solids handling package was awarded to Techint. On 28 July 2010, six EPC contracts were officially signed. The Coker package was awarded to Tecnicas ReunidasTecnicas Reunidas , the Crude package was awarded to SK Engineering & ConstructionSK Engineering & Construction Company, the offsites and utilities package was awarded to Dayim Punj Lloyd, the Gasoline and Hydrocracker packages were awarded to Daelim Industrial Company and the Tank Farm package was awarded to ENPPIENPPI . On 21 April 2010, ConocoPhillipsConocoPhillips announced that it withdrew from the project JV. On 5 August 2009, the combined PMC and FEED study contract was awarded to KBRKBR . On 6 November 2008, AramcoAramco and ConocoPhillipsConocoPhillips announced their decision to halt the bidding process. In May 2006, Saudi AramcoAramco and ConocoPhillipsConocoPhillips signed the MoU. |
| Scope of Work |
Construction of: Package 1: Coker Package: - Delayed Coker Unit (DCU) - Unsaturated Gas Plant (UGP) - Mercaptan Removal Unit (MRU) Package 2: Crude Block Package: - Crude Distillation Unit (CDU) - Vacuum Distillation Unit (VDU) - Saturated Gas Plant (SGP) Package 3: Gasoline Distiller Package: - Distillate Hydrotreater (DHT) - Continuous Catalytic Reformer (CCR) - Naphtha Hydrotreater (NHD) - Benzene Extractor Unit (BEU) - Isomerisation Unit (ISM) Package 4: Hydrocraker Package - Hydrocracker - Hydrogen unit Specialty packages include: tank farm, solids handling, offsite pipelines, electrical work, and interconnection work |
| Financing Source |
CitibankCitibank and Riyad bank are the financial advisors. In February 2010, financing invitations were issued. In May 2008, Saudi AramcoAramco and ConocoPhillipsConocoPhillips announced the approval of continued funding for the development. 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 - 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 - 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 |
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Key:
Master Project
Contract Package
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