Report Overview
Synopsis
"OTTCO - Ras Markaz Oil Storage Terminal - Oman - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Scope
The project involves the construction of an oil storage facility on 1,253ha of land with a capacity of 200 million barrels per annum at Raz Markaz, Duqm, Oman.
The US$4,600 million project includes the following:
1. Construction of a 440km crude-oil pipeline
2. Construction of a storage facility
3. Construction of processing units
4. Construction of refrigeration systems
5. Construction of an administrative building
6. Construction of laboratories
7. Construction of control rooms
8. Construction of pipelines
9. Construction of other related facilities
10.Construction of plant for pumping oil to the tanks
11.Construction of a blending terminal
12.Installation of safety and security systems
Summary
Oman Tank Terminal Co LLC (OTTCO), a company formed in partnership between Oman Oil Company S.A.O.C (OOC) and Takamul Investment Co, is undertaking the construction of Raz Markaz Oil Storage Terminal project in Duqm, Oman.
The project involves the construction of an oil storage facility on 1,253ha of land with a capacity of 200 million barrels per annum. It includes the construction of a storage facility, processing units, refrigeration systems and an administrative building.
It also includes the construction of a 440km crude-oil pipeline to connect the storage terminal in Ras Markaz with the main line at Nahada. Further the project also features laboratories, control rooms and administrative offices and the installation of safety and security systems. The project is being implemented in five phases.
The first phase (worth US$1,800 million) includes the construction of eight tanks with an estimated capacity of 650,000 barrels per tank, along with the establishment of floating platforms for the import and export of oil, and a marina for towing boats and undersea pipelines for 7km long for receiving and exporting oil, in addition to the construction of oil pumping station into the tanks.and marine facilities to handle the import and export of crude.
The second phase investment value is US$925 million and the rest three phases would US$1,100 million each.
In January 2013, OTTCO signed a memorandum of understanding (MoU) with the oil and gas ministry for the construction of the project on build, own and operate (BOO) basis.
OOC will provide funds for the development of the project.
OTTCO issued expressions of interest (EOI) for the front-end engineering and design (FEED) and project management consultancy (PMC) contracts on the project with the submission deadline as August 22, 2013.
In January 2015, OTTCO invited tenders from the consultants for conducting survey for the project.
On January 21, 2015, Amec Foster Wheeler was appointed as FEED contractor for the storage facilities. WorleyParsons Ltd has been appointed as the lead consultant.
On June 1, 2015, OTTCO invited request for pre-qualifications (RFQ) (first phase) for turnkey contract with the submission deadline as June 29, 2016. The contract covers Detailed Engineering Design, Procurement, Construction, Pre-Commissioning and Commissioning, on a lump sum turnkey basis, of the massive scheme.
In August 2016, OTTCO shortlisted 11 bidders for the construction of oil storage terminal (first phase). The 11 pre-qualified bidders are as follows:
China Petroleum Engineering & Construction Corporation, Daewoo Engineering & Construction Co., Ltd, Engineering for the Petroleum & Process Industries, IOT Infrastructure & Energy Services Ltd, Larsen & Toubro Ltd, Petrojet, Punj Lloyd Infrastructure Ltd (PLIL), Rotary Engineering Ltd, Saipem S.p.A., Samsung C&T Engineering & Construction Group and Van Oord nv.
The following bidder submitted technical bids on July 2, 2017, and shortlisted by OTTCO to submit commercial bids.
1. China Harbour Engineering/China Petroleum Pipeline Bureau JV (China)
2. Saipem (Italy)
3. Sinopec/Chinese Oil Engineering Construction Corporation JV (China)
4. Royal Boskalis Westminster/Rotary Engineering JV (Netherlands/Singapore)
5. Petrofac (UK)
Tender activities are underway and the contract is expected to be award by January 2018. The first phase is due to be complete by the end of 2019.
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Key highlights
Table Of Contents
Table Of Contents
1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix