Magellan Midstream Partners LP and LBC Tank Terminals LLC are planning to expand the crude oil and condensate storage and dock capabilities of their 50/50-owned subsidiary, Seabrook Logistics LLC.
Seabrook Logistics plans to add about 700,000 barrels of additional storage in Seabrook, Texas. The company is also looking to add a new Suezmax dock with up to a 45-foot draft and dock capacity of about 400,000 barrels per day, according to an Aug. 1 news release.
At completion of the estimated $120 million expansion, Seabrook will have about 3.1 million barrels of storage capacity, deepwater access through an Aframax dock and a Suezmax dock and access to inbound crude oil lines through a connection to Magellan's Houston crude oil distribution system.
The expansion is expected to be operational late 2019.