1 中国石油天然气管道局国际事业部 CPP International CPP Construction Schedule Control...

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中国石油天然气管道局国际事业部

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Construction Schedule Control &

Risk Management in BOT Pipeline

ProjectsChen XiangqiuCPP International

Presentation for

Algeria 2006

Africa Oil & Gas Trade & Finance

NOT AN OFFICIAL UNCTAD RECORD

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BOT Briefing … StructureBOT = Build, Operate and Transfer

BOO = Build, Operate and Own

BLT = Build, Lease and Transfer

Project company

Concession Agreement

Government

Creditor

Sponsor Customer Insurer

Operator

EPC Contractor Supplier

Association Agreement

Loan Contract

Take&Pay Agreement

Insurance Agreement

Operation Agreement

Construction Agreement

Supply Agreement

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Happy with higher return

rates

Happy with lower tariff & long payback

term

Project Company

Government Developer

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Lanzhou

Yinchuan

The Brief of Lanzhou to Yingchuan Gas Pipeline Project

Lanzhou to Yingchuan Gas Pipeline

• Total length : 360 km

• Pipe Diameter: 24”

• Design Pressure: 10 MPa

• Total investment: 150 million USD

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Influence of Construction Schedule on IRR

0

0.05

0.1

0.15

0.2

0.25

0.3

0.35

0.4

Tariff 0.3985 0.3985 0.3985 0.3985IRR 0.1357 0.12 0.1126 0.1045

one year two years three years four years

Tariff ： RMB/ m3 IRR—Internal return rate

Gover

nmen

t: H

appy

Dev

elop

er: N

ot h

appy

Proj

ect is n

ot fe

asib

le

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Influence of Construction Schedule on Tariff

0

0.05

0.1

0.15

0.2

0.25

0.3

0.35

0.4

0.45

0.5

IRR 0.12 0.12 0.12 0.12Tariff 0.3582 0.3985 0.4233 0.4549

one year two years three years four years

Tariff ： RMB/ m3 IRR—Internal return rate

Gover

nmen

t: N

ot h

appy

Dev

elop

er: H

appy

Proj

ect is n

ot fe

asib

le

neith

er

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Design Risks

Construction Risks

Leasing Risks

Financing Risks

Construction

Contract Risk

Delay Risks

Laws/Regulation

variation/updated Risks

Cost-overspent

RisksEquipment

supply Risks

BOT Project

BOT Briefing … Risk

► Political/Legal

► Financial

►Construction

► Market

► Environmental

► Operation

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Concession Agreement

Front end eng. study

Supply Agreement MOU

Cooperative negotiation

Pre-feasibility study

Take&Pay Agreement

Feasibility Study

Association Agreement

Project financing

Basic Engineering

EPC Phase

Operation Phase

Transfer

BOT Briefing … Executing

Procedure

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One stop service

developer• Has its own resource to implement the EPC

• Offer a complete industrial chain

• Has a PMC team

• Has dual functions, investor &contractor

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and good luck for your BOT project!

(though luck has nothing to do

with your skills!)

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China West to East Pipeline ProjectChina West to East Pipeline Project• Total length : 4000 km

• Station Quatity: 13


• Design Pressure: 10MPa

• Completion Date: Dec, 2004

China West to East Gas Pipeline ProjectChina West to East Gas Pipeline Project

CPP took more than 75% work of

whole projects

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CPP’s Experience in Sudan

Muglad Basin Oil Development Project II• Total length : 314.8 km


• Design Pressure: 10/15/18MPa

• Completion Date: Ongoing

Muglad Basin Oil Development Project I• Total length : 1506 km


• Design Pressure: 9.7/14.8MPa

• Completion Date: April, 1999

Fula Field Oil Export Pipeline Project Total length : 723 km

Pipe Diameter: 24”

Design Pressure: 10MPa

Completion Date: April, 2004

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CPP’s Experience in LibyaWestern Libyan Pipeline Project• Total length : 527 km (Gas), 527 (Oil)

• Pipe Diameter: 32” (Gas), 16” (Oil)

• Design Pressure: 9.8~14MPa

• Completion Date: May 16, 2004

EI Sharara to Mellitah Pipeline Project• Total length : 727 km


• Design Pressure: 8~13MPa

• Completion Date: August, 2005

103A Gas Transmission Pipeline Project• Total length : 207 km



• Completion Date:Ongoing

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CPP’s Experience in Kazakhstan

Kenkiyak – Zhanazhol Pipeline Project• Total length : 44 km (Gas)



• Completion Date: Nov., 2004

KC13 Natural Gas Pipeline Project• Total length : 164 km


• Design Pressure: 6.4MPa

• Completion Date: Oct, 2005

Kazakhstan - China Pipeline Project• Total length : 962 km


• Design Pressure: 6.4MPa

• Completion Date:Ongoing

1 中国石油天然气管道局国际事业部 CPP International CPP Construction Schedule Control...

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