| Also Known As |
: |
Jubail Export Refinery |
| Country |
: |
Saudi Arabia |
| Project Value |
: |
USD 14,000,000,000 Estimated |
| Sector |
: |
Oil and Gas | Refinery
Petrochemicals | Olefins & Aromatics |
|
Consultant |
: |
Technip Saudi Arabia Limited
(FEED) |
|
Contractor |
: |
Contracting and Construction Enterprises
(Construction - Basic Infrastructure) |
| Profile Type |
: |
Master Project
|
| Associated Projects |
: |
Contract (15) | Related Projects (1) |
|
Phase:
EPC - Execution
|
|
Completion: Dec 2013
|
|
|
|
| Background |
Saudi Aramco Total Refinery and Petrochemical Company (SATORP)Saudi Aramco Total Refinery and Petrochemical Company (SATORP) plans to build a refinery to produce gasoline, low-sulfur diesel and naphtha in Jubail Industrial City 2, Saudi Arabia.
The plants aims at procesing heavy crude to produce 700,000 t/y of paraxylene, 140,000 t/y of benzene and 200,000 t/y of polymer grade propylene.
The project is divided into 15 packages and includes construction of distillation and hydrotreating facilities, a conversion unit , a sulphur and amine saltwater treatment unit, an aromatics plant and a coker unit.
The output will supply the demand for transportation fuels and petrochemicals in Europe, Asia and the Middle East.
TechnipTechnip is the FEED study consultant. |
| Expected Events |
| Schedule |
Contract Phase/Phase |
Description |
| Dec 2013 |
Completion | Project expected to be completed
|
|
| Latest Events |
In April 2012, the tendering and bidding process for the FEED and EPC contracts of the multi feed cracker package is expected to be launched, and construction was ongoing for the rest of the packages.
In December 2013, the project is expected to be completed (delayed from Q3 2012). |
| Previous Events |
In July 2011, a heat insulation products supply and installation contract was awarded to Morgan Thermal Ceramics.
In April 2011, construction of the main packages was in progress.
In August 2010, construction of the distillation and hydrotreating facilities, the conversion unit and the coker unit started.
In Q3 2009, detailed engineering started on major packages.
On 17 June 2009, 10 EPC contracts were awarded. Along with the major packages, the general building works package (package 7) was awarded to Oasis Contracting Company and the telecommunication system package (package 10) was awarded to Sumitomo CorporationSumitomo Corporation.
In Q1 2009, SATORPSATORP revised the project costs and decided to reduce the cost of the project to less than USD 10 billion.
In January 2009, the infrastructure contract for the temporary facilities at the construction site was awarded to Abdul Rahman M. Al Shalawi Est.
In December 2008, the USD 93.3 million basic infrastructure contract was awarded to Contracting and Construction Enterprise.
On 22 June 2008, Saudi AramcoSaudi Aramco and TotalTotal signed the shareholders agreement in order to form Saudi Aramco Total Refinery and Petrochemical Company (SATORP)Saudi Aramco Total Refinery and Petrochemical Company (SATORP).
In May 2008, the project was granted final approval from the Saudi Oil Ministry after it faced delays due to several reasons such as the increase of EPC costs and the lack of labor work force.
In August 2006, TechnipTechnip was appointed to conduct the FEED and EIA studies, prepare financing and marketing studies, capital operating cost estimates and bid packages, and provide procurement support.
In May 2006, Saudi AramcoSaudi Aramco and TotalTotal signed the MoU to develop the project. |
| Scope of Work |
Construction of a refinery including installation of:
- Multi feed cracker
- Aromatics complex
- Auxiliary utilities
- Coker unit
- Conversion unit
- Crude storage tanks
- Distillate and hydro-treater unit
- Interconnection, gas flaring and electrical systems
- Pipelines and off plot facilities
- Plant utilities
- Sulphur and amine saltwater treatment units
- Site preparations for temporary construction facilities
- Facilities package (Accomodation and Offices) |
| Financing Source |
CalyonCalyon and Banque Saudi FransiBanque Saudi Fransi are the financial advisers.
HSBC BankHSBC Bank was assigned to issue an international bond if SATORPSATORP could not secure sufficient bank loans for the remaining funding requirements.
1 October 2011 is the deadline for the subscription period for the planned sukuk.
In September 2011, the USD 1 billion sukuk for the project funding was issued and its initial price was set, arranged by Credit Agricole, Deutsche BankDeutsche Bank and Samba Financial GroupSamba Financial Group.
In October 2010, the Public Investment Fund (PIF) announced that it signed a USD 1.3 billion long-term agreement with Saudi AramcoSaudi Aramco and TotalTotal to finance part of their joint venture.
On 24 June 2010, SATORPSATORP signed the finance documents for the USD 8.5 billion financing facilities. Financing was secured from several sources including USD 4.01 billion from the Public Investment Fund and Export Credit Agencies (covered and direct), and USD 4.49 billion from commercial financial institutions.The senior loan facilities have a tenor of 16 years.
End of March 2010, the Islamic Development Bank approved a USD 120 million loan.
On 27 February 2010, the tender documents were issued to Saudi banks.
In 2007, the team of CalyonCalyon with local affiliate Banque Saudi FransiBanque Saudi Fransi were awarded the financial advisory mandate. |
| Contract Packages |
| Type |
Project Name |
Contract Value |
 |
SATORP - Jubail Refinery and Petrochemical Complex - Facilities Package (Accomodation and Offices) |
USD 93,300,000 |
|
SATORP - Jubail Refinery and Petrochemical Complex - Aromatics Package |
USD 700,000,000 |
|
SATORP - Jubail Refinery and Petrochemical Complex - Auxiliary Utilities Package |
USD 800,000,000 |
|
SATORP - Jubail Refinery and Petrochemical Complex - Coker Package |
USD 800,000,000 |
|
SATORP - Jubail Refinery and Petrochemical Complex - Conversion Unit |
USD 1,700,000,000 |
|
SATORP - Jubail Refinery and Petrochemical Complex - Crude Storage Tanks Package 1 |
USD 745,000,000 |
|
SATORP - Jubail Refinery and Petrochemical Complex - Crude Storage Tanks Package 2 |
USD 246,800,000 |
|
SATORP - Jubail Refinery and Petrochemical Complex - Distillate and Hydrotreater Package |
USD 1,200,000,000 |
|
SATORP - Jubail Refinery and Petrochemical Complex - Interconnection, Gas Flaring and Electrical Systems Package |
USD 1,300,000,000 |
|
SATORP - Jubail Refinery and Petrochemical Complex - Multi Feed Cracker |
- |
|
SATORP - Jubail Refinery and Petrochemical Complex - Permanent Infrastructure |
USD 200,000,000 |
|
SATORP - Jubail Refinery and Petrochemical Complex - Pipelines and Off Plot Facilities Package |
USD 300,000,000 |
|
SATORP - Jubail Refinery and Petrochemical Complex - Plant Utilities Package |
USD 420,000,000 |
|
SATORP - Jubail Refinery and Petrochemical Complex - Site Preparations for Temporary Construction Facilities |
USD 300,000,000 |
|
SATORP- Jubail Refinery and Petrochemical Complex - Sulphur and Amine Saltwater Treatment Units |
USD 400,000,000 |
|
| Related Projects |
|
| Project News |
|
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| Schedule | Contract Phase/Phase | Description |
| May 2006 |
Planning | MoU signed between Saudi AramcoSaudi Aramco and TotalTotal
|
| Aug 2006 |
FEED | Contract awarded to TechnipTechnip
|
| May 2008 |
Planning | Project approved by the Saudi Oil Ministry
|
| 22 Jun 2008 |
Planning | Saudi AramcoSaudi Aramco and TotalTotal signed the shareholders agreement
|
| Dec 2008 |
Construction | Basic infrastructure contract awarded to Contracting and Construction Enterprise.
|
| Jan 2009 |
Construction | Infrastructure contract for the temporary facilities awarded to Abdul Rahman M. Al Shalawi Est.
|
| Q1 2009 |
Planning | Porject costs revised
|
| 17 Jun 2009 |
EPC | 10 contracts awarded
|
| Q3 2009 |
EPC | Detailed engineering on major packages started
|
| Aug 2010 |
EPC | Construction on major packages started
|
| Jul 2011 |
Supply & Installation | Heat installation products supply contract awarded to Morgan Thermal Cermics
|
| Dec 2013 |
Completion | Project expected to be completed
|
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Key:
Master Project
Package Project
Contract Project
|
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