MOSCOW (MRC) -- Malaysia's Petronas has awarded Tecnicas Reunidas (TR) a contract for the engineering, procurement, construction and commissioning (EPCC) for a refinery package in Petronas’ refinery and petrochemicals integrated development (RAPID) project in Pengerang, Johor, reported Hydrocarbonprocessing.
The EPCC scope includes all the hydrotreating units, catalytic reforming unit, hydrogen production units, saturated gas plant, interconnection and flare for the refinery.
The contract has been awarded on a lump sum turnkey basis for an approximate value of USD1.5 billion with a 50 months project schedule until ready for start up.
RAPID is part of the bigger Petronas Pengerang integrated complex (PIC) development worth an estimated USD27 billion, which comprises of RAPID and its associated facilities including the Pengerang co-generation Plant (PCP), re-gasification terminal 2 (RGT2), air separation unit (ASU), raw water supply project (PAMER), crude and product tanks (SPV2) as well as central and shared utilities and facilities (UF).
RAPID will consist of a 300,000-bpd refinery and petrochemical complex with a combined capacity of producing 7.7 Mtpa of various grades of products, including differentiated and specialty chemicals products such as synthetic rubbers and high-grade polymers.
As MRC wrote before, in July 2014, Technip, leader of a joint venture with Fluor, was awarded a program management consultancy contract by Petronas for the Refinery and Petrochemical Integrated Development (Rapid) project in Johor, Malaysia. The contract includes overall project and site management for the project and provision of project management services for specific engineering, procurement, construction and commissioning packages within Rapid.
We remind that Petronas has pushed back the completion date for its Johor refinery-petrochemical project to 2017 as a final investment decision has been delayed. The company was expected to give the project the green light this year but had to push it back due to political uncertainty during the national elections early this year, industry sources said.
Petronas, short for Petroliam Nasional Berhad, is a Malaysian oil and gas company wholly owned by the Government of Malaysia. The Group is engaged in a wide spectrum of petroleum activities, including upstream exploration and production of oil and gas to downstream oil refining; marketing and distribution of petroleum products; trading; gas processing and liquefaction; gas transmission pipeline network operations; marketing of liquefied natural gas; petrochemical manufacturing and marketing; shipping; automotive engineering; and property investment.
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