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RPL refinery achieves 90% overall progress
17 Apr '08
3 min read
With near completion of deliveries of equipments and bulk materials, focus has shifted towards achieving a close-out and vendor follow-up for residual deliveries.
The civil construction is nearly complete with nearly 2.0 million cubic meters of concreting works done at site. Over 4,000 equipments, including several super heavy equipments, have already been installed and are at various stages of completion and testing at site.
Over 95% of structural steel fabrication work, 74% of structural erection and 94% of underground piping works are complete now.
Substantial progress is achieved in the areas of above-ground pipe fabrication and erection as well. The construction activities are at peak and RPL is fully geared to sustain construction on fast track even in the coming quarters.
Simultaneously, RPL has made considerable progress on the start-up planning and operations preparedness activities to support early commissioning of the refinery.
Meanwhile, the global industry fundamentals have remained strong with robust demand, tight product supplies and slow growth in new capacities.
The industry has withstood the pressures of high oil prices and perceived threat of slower economic expansion, led by the US. With global refining system remaining stretched and continuing delays in new capacities, outlook for refining margins remain positive.
Complex refiners will gain further from expected wide light-heavy differentials even in the medium term. RPL is well positioned to reap benefits of its large scale, higher complexity, lower capital costs and faster schedule to generate significant value in the refining sector.
Commenting on the project progress Shri Mukesh D. Ambani, Chairman of Reliance Petroleum Limited said “I am pleased with the remarkable progress achieved by RPL so far and the team's preparedness for completing the refinery ahead of schedule.
We are well on our way to create a new benchmark for project implementation in the global refining sector. RPL is poised to benefit from emerging opportunities in the sector to create superior value for its shareholders”.
The civil construction is nearly complete with nearly 2.0 million cubic meters of concreting works done at site. Over 4,000 equipments, including several super heavy equipments, have already been installed and are at various stages of completion and testing at site.
Over 95% of structural steel fabrication work, 74% of structural erection and 94% of underground piping works are complete now.
Substantial progress is achieved in the areas of above-ground pipe fabrication and erection as well. The construction activities are at peak and RPL is fully geared to sustain construction on fast track even in the coming quarters.
Simultaneously, RPL has made considerable progress on the start-up planning and operations preparedness activities to support early commissioning of the refinery.
Meanwhile, the global industry fundamentals have remained strong with robust demand, tight product supplies and slow growth in new capacities.
The industry has withstood the pressures of high oil prices and perceived threat of slower economic expansion, led by the US. With global refining system remaining stretched and continuing delays in new capacities, outlook for refining margins remain positive.
Complex refiners will gain further from expected wide light-heavy differentials even in the medium term. RPL is well positioned to reap benefits of its large scale, higher complexity, lower capital costs and faster schedule to generate significant value in the refining sector.
Commenting on the project progress Shri Mukesh D. Ambani, Chairman of Reliance Petroleum Limited said “I am pleased with the remarkable progress achieved by RPL so far and the team's preparedness for completing the refinery ahead of schedule.
We are well on our way to create a new benchmark for project implementation in the global refining sector. RPL is poised to benefit from emerging opportunities in the sector to create superior value for its shareholders”.
Reliance Petroleum Limited
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