Contax Project Snapshot: Al Shaheen Refinery

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Al Shaheen has a medium probability of going ahead due to the lack of project financing now available.

Maersk Oil Qatar, 100% owned by Maersk Oil, is proceeding with plans to increase the field's output from 240,000 barrels per day (bpd) to 525,000 bpd by 2011.

The planned $13 billion refinery project is expected to begin operations in Q3 2013.

Utilising technology from Axens IFP Group Technologies, Black & Veatch, Haldor Topsoe, MECS, Stratco Dupont and UOP, the refinery will have a nominal capacity of 250,000 bpd of crude oil and produce a range of products including distillates, bitumen, green coke, gasoline, jet fuel diesel for the export market.

Despite there being the need and strong support for the project from the Qatar Government, there are a number of early stage effects resulting from the current economic situation that may impact the delivery of the project; lack of project financing availability, recession in buyer economies, desire for project owners to take advantage of perceived lower critical input costs and drive down EPC bid prices and a potentially delayed feedstock supply schedule from the Al Shaheen field.

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