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RPL achieves 82% overall progress in just 24 months
16 Jan '08
4 min read
Thrust on vendor followup for the balance equipments is continuing. Simultaneously, focus is shifting towards procurement close-out during the coming quarter.
The progress on the construction front has been equally impressive. The civil construction activity is nearly complete.
Over 2,400 equipments, including several super heavy equipments, have already been installed at site. The underground piping works are mostly complete.
Nearly 80% of structural steel fabrication, 95% of tankage fabrication and over 73% of pipe fabrication is completed. The construction activities are at peak and sufficient site infrastructure is mobilised to sustain construction on fast track in the coming quarters.
Simultaneously, start-up planning and operations preparedness activities have gained momentum to support the commissioning of the refinery ahead of schedule.
At the industry level, global refining fundamentals remain intact and promise exciting value creation opportunities for large and complex refiners.
Despite high and volatile crude prices, the global demand trends have been positive and are expected to remain firm on the back of robust outlook for transportation fuels.
With stringent product specifications adding pressure on an already stretched refining system and continuing delays in new capacities, refining margins are expected to stay robust. Complex refiners will gain further from wide light-heavy differentials.
In this context, the RPL project that is designed around large scale, higher complexity, lower capital costs and faster schedule, would have a significant competitive advantage in the markets.
Commenting on the project progress Mr Mukesh Ambani, Chairman of Reliance Petroleum said “I am pleased with the rapid pace of RPL project implementation and the team is now fully geared to sustain the construction on fast track even in the coming quarters.
We are well on the way to create history by successfully completing the refinery ahead of its initial schedule. RPL is poised to benefit from emerging opportunities in the sector and create superior value for its shareholders”.
The progress on the construction front has been equally impressive. The civil construction activity is nearly complete.
Over 2,400 equipments, including several super heavy equipments, have already been installed at site. The underground piping works are mostly complete.
Nearly 80% of structural steel fabrication, 95% of tankage fabrication and over 73% of pipe fabrication is completed. The construction activities are at peak and sufficient site infrastructure is mobilised to sustain construction on fast track in the coming quarters.
Simultaneously, start-up planning and operations preparedness activities have gained momentum to support the commissioning of the refinery ahead of schedule.
At the industry level, global refining fundamentals remain intact and promise exciting value creation opportunities for large and complex refiners.
Despite high and volatile crude prices, the global demand trends have been positive and are expected to remain firm on the back of robust outlook for transportation fuels.
With stringent product specifications adding pressure on an already stretched refining system and continuing delays in new capacities, refining margins are expected to stay robust. Complex refiners will gain further from wide light-heavy differentials.
In this context, the RPL project that is designed around large scale, higher complexity, lower capital costs and faster schedule, would have a significant competitive advantage in the markets.
Commenting on the project progress Mr Mukesh Ambani, Chairman of Reliance Petroleum said “I am pleased with the rapid pace of RPL project implementation and the team is now fully geared to sustain the construction on fast track even in the coming quarters.
We are well on the way to create history by successfully completing the refinery ahead of its initial schedule. RPL is poised to benefit from emerging opportunities in the sector and create superior value for its shareholders”.
Reliance Petroleum Limited
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