Enterprise Products Partners and Chevron US. Inc. (CUSA), announced long-term agreements, aiming to support the development of Enterprise’s Sea Port Oil Terminal (SPOT) in the Gulf of Mexico.
Enterprise’s SPOT project includes onshore and offshore facilities, such as a fixed platform located around 30 nautical miles off the Brazoria County, Texas coast in about 115 feet of water. SPOT is designed to load Very Large Crude Carriers (VLCCs) at rates of approximately 85,000 barrels per hour, or up to approximately 2 million barrels per day.
The SPOT design also meets or exceeds federal requirements and is also designed with a vapor control system to cut emissions. Construction of SPOT is now subject to obtaining the necessary approvals and licenses from the federal Maritime Administration, which is currently reviewing the SPOT application.
The SPOT facility provides opportunity to significantly expand our export capacity and access multiple market centers as we increase our crude oil produced out of the Permian.
informed George Wall, President of Chevron Supply and Trading, a division of CUSA.
Enterprise aims to optimize its Houston Ship Channel facilities by creating further capacity to load rising LPG, ethane and petrochemical export volumes. As domestic crude oil and NGL production continues to exceed US demand and marine terminals approach full utilization, projects like SPOT and the expansion of Enterprise’s LPG, ethane and petrochemical capabilities will be essential to balance the market and meet demand for US production.