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New tank storage on Thames
Thames Oilport, a joint venture between Greenergy and Shell, received the first in a series of diesel shipments to be stored on site on 6 April. Arrival of these shipments is considered to be a major milestone as it brings fuel into the terminal for the first time since the closure of the Coryton refinery.
Development of Thames Oilport is being carried out in phases. The current phase brings into use about 176,000 cm of tankage, to be used by Greenergy for diesel storage to take advantage of contango market conditions. This follows extensive refurbishment of tanks in the east part of the site ranging in size from 24,000–39,000 cm, as well as redevelopment and automation of a complex pumping exchange and a network of piping connecting the tanks to the Thames jetty. At this stage of development, fuel is being moved into and out of the terminal by ship.
Chris Brookhouse, Chief Executive of Thames Oilport expressed delight at having oil back on site. ‘There has been a lot of activity to prepare for this day and there’s more still to do. We have a routemap to continue to develop the facility, and we’ll be bringing more tankage into use by the end of the year and adding more capability thereafter,’ he said.
The next phase will add a further 64,000 cm of storage by the 3Q16.
Photo: First stage of Thames Oilport tankage takes diesel delivery
News Item details
Journal title: Petroleum Review
Subjects: Economics, business and commerce, Fuel oil, Primary energy production, Fuel storage, Oilfields, Diesel, Tankers - ships
