Freeport Commodities has added its commercial support to furthering the construction, operation and utilisation of Texas GulfLink, a deepwater crude oil export facility off the cost of Freeport, Texas.
The facility, which will be capable of fully loading VLCC vessels, will include an onshore oil storage terminal connected by a 42-inch pipeline to a manned offshore platform 30 miles off the Gulf Coast. From the platform, the oil will be transported to two Single Point Mooring buoys to allow for VLCCs to receive two million barrels of crude oil with loading rates up to 85,000 barrels per hour.
The offshore platform will have around-the-clock monitoring, which will provide shippers with a safe and reliable mooring operation for VLCCs and other crude carrier vessels.
Sentinel Midstream president and CEO Jeff Ballard says: ‘We are pleased with the additional levels of commercial support that Freepoint’s involvement will provide to Texas GulfLink. As the project continues to move forward with the deepwater crude oil license application process, Sentinel is excited that Freepoint has chosen to align with Texas GulfLink and will utlise their substantial global and commercial resources to create value for their customers.
‘Through their Asian market focus, Freepoint will lead efforts to meet the growing demand from Asian refineries for US produced crude oil.’
David Messer, Freepoint CEO, adds: ‘The Texas GulfLink project will help meet the demand our customers have to reliably source US crude oil through a neutral infrastructure export option.’