Modified scope meant contractors had to make amends to initial prices
The local Sabic Terminal Services Company (Sabtank) has received the amended bids for the engineering, procurement and construction (EPC) contract at its $450m expansion at the Jubail Industrial Port in the Eastern Province of Saudi Arabia.
MEED reported in mid-August that the five bidders initially submitted their completed tenders on 1 July, but were then requested to resubmit prices on 25 August after a change in the scope of works.
“The bids have gone back in now and all five contractors submitted,” says a source familiar with the deal. “The winning contractor should be informed by the end of September.”
Sabtank is expected to shortlist two of the remaining five contractors after these final bids are submitted. The project is being executed on a lump-sum turnkey (LSTK) basis and modifications include some tanks having their capacities increased to hold more chemicals.
The contractors who have submitted bids are:
- China National Chemical Corporation (China)
- Hanwha Engineering & Construction (South Korea)
- Petrol Steel (Local/Singapore)
- Sinopec (China)
- Wison (China)
The main scope of the expansion is the construction of 37 storage tanks with a total capacity of more than 330,000 cubic metres. A handling unit will also need to be constructed, as well as berth facilities, substation, firefighting facilities and truck loading and unloading facilities. The tanks will be mainly used to store petrochemical products produced at the Jubail Industrial City before export.
Dutch port operator Vopak is the operator of the Sabtank facilities at Jubail and holds a 10 per cent stake, with Sabic holding the remainder. The existing facilities include almost 1.3 million cubic metres of capacity, which can be held in 77 tanks.
You might also like...
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.