SKH/MCT – Batam Island Oil Storage Complex – Riau Islands - Project Profile

SKH/MCT – Batam Island Oil Storage Complex – Riau Islands - Project Profile

Synopsis

"SKH/MCT – Batam Island Oil Storage Complex – Riau Islands - 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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Summary

Sinopec Kantons Holding Ltd (SKH) and PT. Mas Capital Trust (MCT), a unit of PT. Batam Sentralindo joint venture is planning to undertake the construction of an oil storage complex in Riau Islands Province, Indonesia.

The project involves the construction of 2.6 million m3 storage complex.

The project will include the construction of storage tanks and other related facilities, and the installation of transfer pipelines and safety systems.

PT West Point Terminal Company will undertake the development, construction, management and operations of the project.

In September 2011, SKH has acquired 95% of stake in PT West Point Terminal, while the remaining 5% is held by MCT.

Scope

The project involves the construction of a 2.6 million m3 oil storage complex at Batam free trade zone in Riau Islands, Indonesia.

The US$850 million project includes the following:

1. Construction of storage tanks

2. Installation of transfer pipelines

3. Installation of safety systems

4. Construction of other related facilities

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