PLANS ADVANCE FOR GULF OIL SUPERPORTS

LOOP Inc. plans to build a deep-water oil terminal off Louisiana, in Grand Isle Block 46. Primary offshore structures will include (initially) three monobuoys, connected by subsea pipelines to a central platform for pumping and operations, linked by two 48 in. dia or larger pipelines to an onshore crude oil tank farm, which would be tied in with the existing Capline crude trunk to Chicago via a 78 mile long large-diameter line. The project would cost about $278 million initially and over $500 million ultimately. If approvals are received quickly, construction could start in mid-1974, and limited operation could begin by mid-1976. Capacity would be 1.7 million bbl/day initially and over 4 million bbl/day with the addition of two more monobuoys and ancillary facilities. Anticipated operating costs, excluding taxes, are about $40 million/yr. Some other details and the status of LOOP's plan, as well as Seadock's plans to build a similar facility off the Texas coast south of Freeport, are discussed. Member companies of LOOP are named.

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  • Corporate Authors:

    Petroleum Publishing Company

    211 South Cheyenne, P.O. Box 1260
    Tulsa, OK  USA  75221
  • Publication Date: 1973-4-9

Media Info

  • Pagination: p. 28-29
  • Serial:
    • Oil and Gas Journal
    • Volume: 71
    • Issue Number: 15
    • Publisher: PennWell Publishing Company
    • ISSN: 0030-1388

Subject/Index Terms

Filing Info

  • Accession Number: 00056551
  • Record Type: Publication
  • Source Agency: American Petroleum Institute
  • Files: TRIS
  • Created Date: Jul 22 1974 12:00AM