Name of Client : OTTCO – Oman Tank Terminal Company

Budget : $400 million

Facility Type : Oil Storage Terminal

Sector : Oil

Status : Engineering & Procurement

Location : Duqm

FEED : Wood

PMC : WorleyParsons

Main Contractor : China Petroleum Pipeline Engi neering Company – CPPE

Background

Oman Tank Terminal Company LLC (OTTCO) plans to build a massive crude oil storage hub at Ras Markaz near Duqm. The storage hub will also serve as an alternative export terminal for Omani crude in the event of supply disruptions affecting the national’s only crude export terminal at Mina Al Fahal in Muscat Governorate.

Project Status

August 2018 OTTCO selects China Petroleum Pipeline Engineering Company as the winning contractor for the EPC contract. A formal award will be announced once all the formalities are completed.

Project Scope

The first phase of the project includes the establishment of:

• 8 tanks with an estimated capacity of 650,000 barrels each

• Floating platforms for the import and export of oil

• 7km-long undersea pipelines for receiving and exporting oil

• A pumping station

Project Finance

Oman Tank Terminal Company LLC (OTTCO) is the client.

Project Schedule

Feasibility Study 4Q-2012

Feed ITB 3Q-2013

Feed 1Q-2015

EPC ITB 4Q-2015

Engineering & Procurement 3Q-2018

Completion 3Q-2021