The engineering, procurement and construction (EPC) contract, to be converted from a cost reimbursible to a lump-sum turnkey (LSTK) basis, covers the construction of the U&O facilities, interconnection of pipelines and racks, provision of process design for the flare system, relocation of the existing tank farm and modification of marine facilities. The contract is due to be completed by the second quarter of 2008.
Petro-Rabigh, a 50:50 joint venture of Saudi Aramco and Japan’s Sumitomo Chemicals Company, has already awarded the other main construction and process packages on the $8,500 million Rabigh scheme (MEED 2:12:05).
Foster Wheeler is also the project management services (PMS) contractor on the overall project (MEED 6:5:05). Last year, Foster Wheeler won the contract to build U&O facilities for the Jubail-based Eastern Petrochemical Company (Sharq) expansion project (MEED 2:9:05).