acquireda crude oil and condensate marine terminal project and associated assets inTexas to augment its Gulf of Mexico export services.
The assets,acquired from Pelorus Terminal:Point Comfort LLC, are composed of 350,000 shell barrels of storagecapacity, truck unloading bays and loading capacity for both inland and oceanvessels from three docks, according to an Oct. 3 news release.
The PointComfort terminal is designed to have an initial truck receipt capacity of atleast 30,000 bbl/d and a marine loading capacity of up to 20,000 bbl per hour,but is expandable depending on market demand. It is also supported by long-term,fee-based contracts.
Theterminal is expected to be ready for commercial service in April 2017.