Technip-Coflexip emerged as the frontrunner for the landmark contract in mid-December, following the opening of commercial bids for the EPC package. It was the clear low bidder, undercutting by a considerable margin the prices offered by the Japanese group of Chiyoda Corporationand Mitsubishi Heavy Industriesand from Germany's Uhde. The other bidder was a group comprising Japan's JGC Corporation, Italy's Snamprogettiand US-based Halliburton KBR.
QGTL, a joint venture between Qatar Petroleum (QP)and South Africa's Sasol, appointed in October a group of 15 local and international banks to lead arrange the $700 million loan to part finance the project. The loan documentation has now been completed, leaving the way for financial close to be achieved (MEED 25:10:02).
The plant, to be located in Ras Laffan, will have a capacity of 34,000 barrels a day (b/d). It will use 330 million cubic feet a day of lean gas, produced from the enhanced gas utilisation (EGU) project, as feedstock. Based on Sasol's slurry phase distillate technology, the plant will produce 24,000 b/d of fuel, 9,000 b/d of naphtha and 1,000 b/d of liquefied petroleum gas (LPG).
The plant's front-end engineering and design (FEED) package was prepared by the UK's Foster Wheeler Energy (FWEL).
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.