Lease approved for new offshore deepwater port in Corpus Christi

The Port of Corpus Christi Authority Commission has approved a lease agreement and related pipeline easement for the Bluewater Texas Terminals (BWTX) offshore deepwater port project.

The facility will be operated by a 50-50 joint venture between Texas-based Phillips 66 and Trafigura Group.

The proposed project will consist of up to two single point mooring (SPM) buoys located approximately 21 nautical miles from the entrance to the Corpus Christi Ship Channel.

The BWTX project is currently in the permitting stage and is subject to final investment decision by the joint venture partners. The commission-approved lease agreement defines the commercial terms with the Port of Corpus Christi for BWTX to access existing pipeline corridors and Port Authority property for the project.

BWTX will lease 12 non-waterfront acres for an operations facility on Harbor Island, to include an office and equipment for inspection, monitoring and communications.

The proposed BWTX-operated offshore deepwater port will have the capability of fully loading very large crude carriers (VLCCs) and other crude oil vessels at production rates of up to 80,000 barrels per hour and throughput capacities of approximately 16 VLCCs (based on two SPM buoys) per month.

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