(EnergyAsia, August 6 2013, Tuesday) — Singapore-based Rotary Engineering Limited said it has been awarded a number of engineering, procurement, construction (EPC) contracts worth a total of S$200 million for work in Saudi Arabia and Singapore. (US$1=S$1.26).
The EPC and maintenance services provider for the energy sector said it secured three contracts to build storage tanks and provide fabrication services for companies operating in Saudi Arabia’s Jubail Industrial City, and a lubricating storage terminal in Singapore’s Tuas South.
In Saudi Arabia, Rotary will build 14 tanks for an elastomers plant that produces high specification synthetic rubber and 28 tanks at the Sadara South tank farm that is part of the Jubail petrochemical complex, as well as provide fabrication works at a multi-feed petrochemical cracker. Rotary did not name the clients.
“These contracts in Saudi Arabia are an indication that the Middle East continues to offer many business opportunities for oil and gas infrastructure engineering,” said Rotary’s chairman and managing director, Chia Kim Piow.
In Singapore, Rotary will build about 80 tanks, common pipelines, jetty topsides and the support infrastructure for a lubricant storage facility jointly owned by the local subsidiaries of Sinopec, Total and Shell. The five-hectare Singapore Lube Park, said to be the first shared facility in the lubricants industry, will serve the nearby lubricant oil blending and grease manufacturing plants owned separately by Sinopec Lubricant (Singapore), Total Oil Asia Pacific and Shell Eastern Petroleum.
Construction of the plants and the storage facility is expected to be completed by 2015.
Rotary, which conducted a front-end engineering design (FEED) study for the lubricant storage facility last year, said the project is being carried out in phases starting last month.
Rotary’s chairman and managing director, Chia Kim Piow, said:
“The shared lubricant storage facility is an innovative business model, which attracted three oil giants to come together, to leverage on Singapore’s strategic position as an Asia-Pacific lubricants hub. Rotary is proud to be awarded the EPC contract.”