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Three energy majors, Sinopec, Shell and Total said on Tuesday that they are going to build and operate a shared lubricants park in Tuas, situated in the southwestern part of Singapore.

The facility will be built by Singapore Lube Park, a joint venture of Sinopec's Sinopec Lubricant (Singapore) Pte Ltd, Shell' s Shell Eastern Petroleum Pte Ltd, and Total's Total Oil Asia Pacific Pte Ltd.

The construction of the shared industrial park is scheduled to start later this year and is expected to be completed by 2015, Shell said in a press release.

The joint venture will cover operations of shared facilities, including an import and export jetty, common pipelines, infrastructure and storage facilities.

These will service the three energy majors' respective new lube oil blending plants and grease manufacturing plants, which will be located on separate sites adjacent to the lube park.

Shell said it will relocate its lube oil blending plant and grease manufacturing plant from Singapore's Woodlands to Tuas, adjacent to the new shared lube park. Meanwhile, Total will construct a new lube oil blending plant in Tuas to replace two existing plants in Jurong Pandan and in Pioneer.

Sinopec has started the operation of its new lubricant plant in Singapore last week. The China's energy giant said besides functioning as its Asia Pacific regional hub, the Singapore plant will also be an important production, service and logistics center, enabling Sinopec to better serve the needs of its customers in South East Asia, Australia and New Zealand.