The Duqm Refining/Petrochemicals JV Is Tendering The FEED Job.IPIC IPIC Intellectual Property Institute of Canada
IPIC Indianapolis Private Industry Council
IPIC International Petroleum Investment Co (Abu Dhabi)
IPIC Inventory Price Index Computation
IPIC Information Processing Interagency Conference and OOC OOC Out of Character (online role-playing)
OOC Out-Of-Character (gaming)
OOC Out Of Control
OOC Optical (WDM) Overhead Channel
OOC Out of Context last week announced they were tendering the front-end engineering and design (FEED) contract for thir refinery and petrochemicals complex before end-March 2012. The long-awaited project has been at the study phase since mid-2010 and has been delayed by a number of issues including a lack of gas feedstock feed·stock
Raw material required for an industrial process.
Noun 1. feedstock - the raw material that is required for some industrial process
raw material, staple - material suitable for manufacture or use or finishing and financing.
However, the recent announcement of a planned gas pipeline from central Oman which will supply 12 MCM/d of natural gas to al-Duqm has solved the feedstock problem. One of the international contractors planning to bid for the job was on Jan. 10 quoted as saying: "every-one [in Oman] is confident that the FEED tender will be issued soon. The project is starting to feel real now and many people are talking about it as a viable job". When the FEED tender is released, then pre-qualification for engineering, procurement and construction (EPC (1) (Entertainment PC) See HTPC.
(2) (Electronic Product Code) A standard code for RFID tags administered by EPCglobal Inc. (www.epcglobalinc.org). ) contracts for the complex could begin before end-2012.
The EPC contracts might be awarded by mid-2013 which means commissioning could begin at the new complex before the end of 2016. The scope of the project has not been disclosed by the JV partners and, therefore, it is difficult to estimate an exact budget, although it is expected to cost several billion dollars.
The contractor was quoted as adding: "If petrochemicals are to be produced, then it will be a complex [oil] refinery which will require a cracker [to produce ethylene]. You are looking at $5-10bn depending on the capacity of the different packages".
Earlier studies have cited a 400,000 b/d refinery plus additional petrochemical capabilities as feasible. But neither OOC nor IPIC has confirmed how much capacity they have planned for their venture (see down6OmanRefPetchFeb6-12).