Project Profile

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Value: US$3.44 billion
Location: Pulau Muara Besar, Brunei
Capacity: 8 million tpy (160,000 bpd)
Construction completion: October 2018
Production start-up: 2019

The project includes a US$3.44 billion facility with the capacity to process 160,000 bpd of crude oil and condensate into gasoline, diesel and jet fuel. Completion is expected for October 2018, with start-up slated for 2019. Zhejiang Hengyi had originally targeted a 2015 start-up for the facility, but says it has been plagued by local infrastructure delays.

The front-end engineering design (FEED) for the project was undertaken by Sinopec Engineering.

The Pulau Muara Besar refinery project includes:

- 160,000 bpd crude and condensate refinery
- 1.5 million tpy paraxylene (PX) unit
- 2.2 million tpy hydrocracking unit
- 500,000 tpy benzene plant
- 15 million barrel tank farm

A non-binding memorandum of understanding (MoU) has been signed between Brunei Shell Petroleum (BSP), Brunei Shell Marketing and Zhejiang Hengyi, with respect to the supply of crude oil to the project and its offtake of refinery products

Operators:

Zhejiang Hengyi Group: Operator with 100% interest

Contractors:

Sinopec: FEED contract

Lanzhou LS Heavy Equipment: Contract to build build key production units at the plant, including a 1.5 million tpy aromatics facility and a 2.2 million tpy hydrocracking unit.

Kunlun Construction and Engineering (CNPC unit): Contract to build a 15 million barrel tank farm. (late 2016)

Offtake Companies:

Brunei Shell Petroleum (BSP), Brunei Shell Marketing and Zhejiang Hengyi