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2nd SAUDI ENERGY FORUM November 19, 2006. PETRO Rabigh OVERVIEW. OUTLINE. Project Objective & Background Plant Process Configuration Execution Schedule & Progress to Date Rabigh Conversion Industries Summary. PROJECT OBJECTIVE.
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2nd SAUDI ENERGY FORUMNovember 19, 2006 PETRORabighOVERVIEW
OUTLINE • Project Objective & Background • Plant Process Configuration • Execution Schedule & Progress to Date • Rabigh Conversion Industries • Summary
PROJECT OBJECTIVE The PETRORabigh Objective is to build a world class, integrated refining and petrochemicals complex . Rabigh complex will be a Platform for a major industrial park to benefit the local economy.
PROJECT BACKGROUND • Existing Refinery and Infrastructure Optimum for Expansion • Availability of Feedstock • Saudi Aramco Refining Experience • Sumitomo Chemical Leading Position & Expertise in Petrochemical
EXISTING FACILITIES De- C4 LPG Naphtha Merox Naphtha Kerosene Kerosene Merox L. Gas oil Jet Fuel Crude Unit 400 MBD Arabian Light H. Gas Oil Diesel HDS Unit Fuel Oil
PLANT PROCESS CONFIGURATION ‘Easy process’ Polyethylene 250 KTA EP PELLDPEHDPEPP(homo)PP(block)POEO/EG LLD Polyethylene Ethylene 350 KTA 1,250 KTA Ethane 95 MMSCFD HD Polyethylene 300 KTA CRACKER Polypropylene 1 350 KTA Propylene 900 KTA Polypropylene 2 350 KTA Mixed Butanes 9 MBD Propylene Oxide 200 KTA C2 / C3s Crude 400 MBD Ethylene Glycol 600 KTA CDU AlkyC4 Isom Gasoline C4s 60 MBD VGOHT HO FCC ATM Residue VGO VDU Gasoline 170 MBD 120MBD 92 MBD Fuel Oil 89 MBD
PROJECT EXECUTION • Overall Project Progress @ 43% • Engineering Progress @ 81% • Procurement Progress @ 82% • Equipment and bulk material started arrival on site • Construction Progress @ 8.5%: • All EPC Main and Sub-Contractors Mobilized to Site • Two Ro/Ro Berths Completed • First Major Heavy Load Shipments Arrived • Early Construction Work completed (Roads, Gates, Fences, etc) • Civil structural work well underway • Mechanical work starts early 07
IWSPP - 3rd PARTY • Overall IWSPP progress @ 60% • Engineering & Procurement at 95% • Equipment Started to Arrive at Site • Construction progress at 24% • Civil and Structural Works well Underway
2004 2005 2006 2007 2008 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 2 Q 3 Q 4 Q EXECUTION SCHEDULE RFSU 06/08 11/04 EPC Contracts Complete 07/07 11/04 - Engineering 12/07 Complete 03/05 - Procurement 06/08 Complete - Construction 12/05 EU WECA FC BSD CC IWSP 3rd Party Award Long Lead Draw down Financial Close Project Finance START UP 9/08 Awards Start Up Achieved
SITE MANPOWER 2007 2006 2008 30000 25000 20000 15000 10000 5000 2500 0 4Q 1Q 2Q 3Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q Planned Actual
INDICATIVE CONSTRUCTION QUANTITIES IN TOTAL Note: above quantities do not include IWSPP
PROJECT OBJECTIVES A platform for broad downstream industries Creation Job opportunities for local society Attraction of Local & foreign investments for High Value Added & Export Oriented industries Enhanced local economy with a variety of industries and services
BACKGROUND Saudi Aramco & Sumitomo Commitments • Site Development Including Infrastructure & Utilities • Promotion and Marketing of Rabigh Conversion Industrial park • Reliable Supply of Resin to Conversion Investors • Operation & Management Fees at Cost to Investors
JV / Third Party IWSPP (Power, Steam, De-sal & Utilities) • Rabigh Conversion • Industrial Park • High Value Added • Export Oriented Rabigh Plot Plan Pipeline Corridor 2.5 Km Industrial Support Facilities 1000m (240ha) 4.2 Km Environmental Set Aside Land Major Process Industries Future (200ha) (50 -60 Industries) Flare Zone 80ha PETRORabigh JV Existing, JV Phase I & Future Major Process Industry Flare Zone Bulk Plant Future JV or 3rd Party Major Process Industry (160ha) 4.4 Km Flare Zone (60ha) JV (Tankage/ Storage) 2.0 Km JV (Tankage/ Storage) Future Utilities JV (VDU, VGOHT, HOFCC, USGP, Ethane Cracker, SRU, ARU, SWS & C/W towers) JV (CDU Revamp) 3.0 Km JV (New Berth) Future JV or 3rd Party Major Process Industry (180ha) JV (MEG &PO) JV (PE & PP Container/ Stock yard) JV (PE & PP) JV (New Tankage) JV Future Offsites JV JV JV 1.7 Km North
W N RABIGH CONVERSION INDUSTRIAL PARK Logistics & Utilities Zone
PROJECT STATUS • Preliminary Market study Completed • Master Plan completed • Detail Engineering is Underway • Promotion and Marketing Activities Started • Solicitation of Investors’ Initial Interest Started
IDENTIFIED OPPORTUNITIES • Medical non-woven products • Medical solution bottles & containers • Composite pipes • BOPP films • Hygienic non-woven products • Automotive small parts • Appliances parts • Geo-synthetic products (tiles, nets) • HDPE Plastic ballets • PE container liners & shipping sacks • Flat jumbo woven fabric bags • Solid wall HDPE pipes & fittings
SUMMARY • Largest Refining/Petrochemical Project at One Site • Strategic Project for SCC & Saudi Aramco • Nucleus for Future Expansion • On Target to Achieve Start-up by 3Q of 2008
THE END PETRORabigh OVERVIEW