BPC – Maheshkhali-Sonadia Island Single Point Mooring (SPM)– Bangladesh - Project Profile
"BPC – Maheshkhali-Sonadia Island Single Point Mooring (SPM)– Bangladesh - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Bangladesh Petroleum Corporation (BPC) is undertaking the construction of a single point mooring (SPM) in Bangladesh.
The project involves the construction of a single point mooring with a capacity to handle 120,000 tonnes of oil per month in the Sonadia Island area at deep sea and will associate with the large oil tankers.
It includes the construction of two pipelines comprising a large 36-inch pipeline to pump the oil to a storage plant 32km away from Matarbari Island in Maheshkhali to the Eastern Refinery at Patenga, another 188km long 18-inch pipeline. One pipeline will pump crude oil and the other diesel.
Eastern Refinery Ltd (ERL) a wholly owned subsidiary of BPC has been appointed as Developer.
On May 20, 2011, BPC appointed ILF Engineering Consultancy (ILF) to conduct the feasibility study.
In July 2013, the feasibility study on the project was completed.
The project cost increased to US$327 million from the earlier US$159 million after conducting feasibility studies as the pipeline length was increased by 30km from the initially proposed length of 77km. The pipeline is slated to cost US$446 million.
The Islamic Development Bank (IDB) agreed to raise its funding support to US$220 million from the earlier committed US$120 million. However, IDB has now stepped out of the project.
On September 29, 2014, BPC signed a memorandum of understanding (MoU) with China Petroleum Pipeline Bureau (CPPB) to implement the project.
In November 2014, China Petroleum Pipeline Bureau (CPPB), a subsidiary of the state-owned China National Petroleum Corporation, expressed interest to fund US$500 million for the project.
In December 2015, The project was reapproved with the increased cost from US$327 million to US$633 million.
The project cost again increased to US$694 million from the earlier US$633 million after conducting feasibility studies as the pipeline length was increased by 30km from the initially proposed length of 77km. The pipeline is slated to cost US$446 million.
The Export-Import Bank of China (EXIM) is providing $550.4 million in low-cost loans.
ILF has completed study works on revised development project proposal (DPP) and BPC is in the process of preparing revised DPP.
In August 2016, Cabinet Committee on Economic Affairs approved the proposal for appointing China Petroleum Pipeline Bureau to install the pipeline.
China Petroleum Pipeline Bureau implement the project under the government-to-government (G2G) basis.
On December 8, 2016, BPC signed the contract agreement with CPPB.
On May 6, 2017, foundation stone laid on the project site.
Pre-construction works are underway.
The project involves the construction of a single point mooring facility with a capacity to handle 120,000 tonnes of oil per month at Kutubdia Island Port, Bangladesh.
The US$650 million project includes the following:
1. Construction of 36-inch 32km oil pipeline
2. Construction of 18-inch 188km oil pipeline
3. Construction of storage tanks
4. Construction of other infrastructure-related facilitiesReasons To Buy