| Country |
: |
Saudi Arabia |
| Project Value |
: |
USD 450,000,000 |
| Sector |
: |
Oil and Gas | Refinery
Petrochemicals | Chemicals |
|
Contractor |
: |
Air Liquide
(EPC) |
|
Sub-Contractor |
: |
Mohammad Al Mojil Group
(Electormechanical Works) |
| Profile Type |
: |
Contract Project
|
| Associated Projects |
: |
Contract (8) |
|
Phase:
EPC - Execution
|
|
Completion: 2014
|
|
|
|
| Background |
Red Sea Refining CompanyRed Sea Refining Company plans to build hydrogen production facilities at its Yanbu Export Refinery, in Yanbu Industrial City, Saudi Arabia.
The project aims at supplying the produced hydrogen for the refinery under the terms of the long-term supply contract.
The project comprises two hydrogen production units with a total production capacity of 262 million cu.ft/d of hydrogen. |
| Expected Events |
| Schedule |
Contract Phase/Phase |
Description |
| Aug 2013 |
EPC | Electormechanical work expected to be completed
|
| Q1 2014 |
Commissioning | Commissioning expected to start
|
| 2014 |
Completion | Project expected to be completed
|
|
| Latest Events |
In January 2012, construction of the units was ongoing.
In August 2013, electromechanical work is expected to be completed.
In Q1 2014, commissioning of the units is expected to start.
In 2014, the project is expected to be completed. |
| Previous Events |
In September 2011, electromechanical work started.
On 30 May 2011, a USD 49 million electromechanical works subcontract was awarded to Mohammad Al Mojil Group (MMG)Mohammad Al Mojil Group (MMG).
In March 2011, Saudi Arabian Oil CompanySaudi Arabian Oil Company (AramcoAramco) and Sinopec signed the initial joint venture agreement to develop the refinery.
In November 2010, construction of the units started.
On 13 September 2010, the EPC contract was awarded to Air Liquide Engineering. The complex will be designed and built by Lurgi (a division of Air Liquide).
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.
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 documents for the EPC contract were submitted.
On 6 November 2008, AramcoAramco and ConocoPhillipsConocoPhillips announced their decision to halt the bidding process.
13 December 2008 was the initial deadline 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 two hydrogen production units with a total production capacity of 262 million cu.ft/d of hydrogen. |
| 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 - Hydrocracker Package (Package 4) |
USD 1,200,000,000 |
|
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 |
|
|
| Schedule | Contract Phase/Phase | Description |
| Aug 2008 |
EPC | ITB issued
|
| 15 Nov 2008 |
EPC | Initial bids submission deadline
|
| 06 Apr 2009 |
EPC | Pre-qualification applications submitted
|
| Jun 2009 |
EPC | ITB re-issued
|
| 26 Jan 2010 |
EPC | Bids re-submitted
|
| 13 Sep 2010 |
EPC | Contract awarded to Air Liquide
|
| Nov 2010 |
EPC | Construction started
|
| Mar 2011 |
Planning | Initial joint venture agreement to develop the refinery signed between Saudi Arabian Oil CompanySaudi Arabian Oil Company (AramcoAramco) and Sinopec
|
| 30 May 2011 |
EPC | Electormechanical subcontract awarded to Mohammad Al Mojil Group
|
| Sep 2011 |
EPC | Electormechanical work started
|
| Aug 2013 |
EPC | Electormechanical work expected to be completed
|
| Q1 2014 |
Commissioning | Commissioning expected to start
|
| 2014 |
Completion | Project expected to be completed
|
|
|
Key:
Master Project
Package Project
Contract Project
|
|
 |
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