Enterprise to Develop Offshore Texas Crude Oil Export Terminal
Enterprise Products Partners is planning to develop an offshore crude oil export terminal off the Texas Gulf Coast, which could include 80 miles of 42-inch pipeline to an offshore terminal capable of loading and exporting crude oil at about 85,000 barrels per hour.
The terminal would be capable of fully loading very large crude carriers (VLCC), which have capacities of 2 MMbbls and provide the most efficient and cost-effective solution to export crude oil to the largest international markets in Asia and Europe.
The company has started front-end engineering and design (FEED) and preparing applications for regulatory permitting.
Enterprise completing the second partial loading of a VLCC tanker at its jointly owned Seaway marine terminal in Texas City. The Eagle Victoria is loading about 1.1 MMbbls of crude oil at the Texas City facility.
“On the heels of our second successful loading of a VLCC at the Texas City terminal, we are now planning to expand our capabilities to load crude oil faster and more cost efficiently without the need for lightering vessels,” said A.J. “Jim” Teague, CEO of Enterprise’s general partner.
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