Name of Client : Bahrain Petroleum
Estimated Budget : $800,000,000
Facility Type : Petroleum
Sector : Exploration & Upstream Production Refining
Location : Sitra, Bahrain
Main Contractor : Samsung Engineering Company TechnipFMC and Tecnicas Reunidas
Award Date : 2018-Q1
The residue conversion unit (RCU) is a part of the Bapco Modernisation Programme (BMP), which aims to rehabilitate the refinery as well as increase capacity from 267,000 barrels a day (bpd) to 380,000 bpd. The RCU will be developed first because it is a primary unit in the process of converting heavier crude oil types into lighter-grade products.
The project scope includes a new ebullated bed residue hydrocracking unit with a capacity of 65,000 barrels per stream day (bpsd), LC-fining residue hydrocracking technology licensed by Chevron Lummus Global, mechanical work, civil work, and piping work.
The construction work is expected to be completed in Q4 2023, while the commissioning will be started in Q1 2024.
Nogaholding, the investment and business development arm of Bahrain’s National Oil and Gas Authority (Noga), is investing in the project. The Export-Import Bank of Korea (Korea Eximbank) and Korea Trade Insurance (K-sure) have agreed to provide $734 million of financing for the project. Bapco has also reached an agreement with the UK Export Finance (UKEF) for an ECA agreement.
Project start: 2Q-2009
Feasibility Study: 2Q-2009
FEED ITB: 1Q-2014
EPC ITB: 2Q-2016