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Petrobras signs Comperj construction agreement

Hydrocarbon Engineering,

After negotiations in mid July for the earthwork being carried out at the Rio de Janeiro Petrochemical Complex (Comperj), Petrobras has announced that on 27th July 2009, it signed an agreement with CTC Consortium that includes a term amendment for an additional 60 days in order for the work to be fully resumed.

Coming to a halt

The signing of this agreement ensures that the work will be continued until a new agreement is made in the search for a solution that meets both partners’ interests. Work at the facility halted as rainfall in Itaborai, Rio de Janeiro, had been well above the average and the budget foreseen to cover interruptions during the rainy season had run out. The partial halt has also been linked to questioning by the Federal Court of Auditors regarding the amount paid to the construction company consortium

Facility stats

An estimated US$ 8.4 billion is expected to be invested in Comperj and 200,000 jobs are to be created during the five year construction period and initial on stream operations. The high level of investment will make it one of the world’s largest projects in terms of cost. Petrobras will train over 30,000 professionals in the region to meet the high demand for skilled employees.

The facility is scheduled to come online in 2012 and will be capable of processing 150,000 bpd of oil. This heavy crude will be the feedstock for 1.3 million tpy ethane, 880,000 tpy propane, 600,000 tpy benzene, 700,000 tpy paraxylene and 157,000 tpy butadiene. It is part of Petrobaras’ US$ 174.4 billion investment plan, which is expected to lead to the construction of five new refineries.

Other contracts

WorleyParsons were contracted to carry out FEED for utilities and offsites. In 2007 Axens were chosen to provide process technology for the facility. In 2008 Shaw Group were awarded contracts to provide ethylene technology and furnace equipment.

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