LOOP LLC Seeks Interest for Its Proposed Crude Oil Vessel Loading Services
LOOP LLC, operator of the nation’s largest privately owned crude oil storage and transportation logistics facility, is seeking commercial interest from prospective shippers to utilize its existing facilities for crude oil vessel loading services onto Very Large Crude Carriers (VLCCs).
The new service would provide connecting logistics from LOOP’s Clovelly Hub in Galliano, La., to its deepwater port, 17 miles offshore of Port Fourchon, La. The proposal utilizes the existing configuration of the port with minor modifications to operate bi-directionally. Currently, LOOP’s deepwater port has the capacity and capability of offloading these same vessels and moving crude oil from the port to the Hub.
“Since 1981, LOOP has safely offloaded more than 10 billion barrels of crude oil,” said LOOP President Tom Shaw. The facilities as originally built include the fundamental capability to both offload and load marine vessels. “Today, customers are seeking the optionality to safely and efficiently load or offload, which is a natural request for a port. This service offers our customers the scalability to fully load a VLCC.
“We have consistently improved our processes and performance over the decades since our founding, and we are eager to expand our offerings to meet our customers’ needs as the U.S. energy market evolves.” The proposed marine vessel loading services could be available by early 2018.
About LOOP LLC
LOOP LLC provides crude oil offloading, transportation, terminalling and storage services. It owns and operates three single-point mooring (SPM) buoys in the U.S. Gulf of Mexico, approximately 17 miles offshore of Louisiana. The SPMs can accommodate very large crude carriers, ultra-large crude carriers, medium-range Jones Act compliant tankers and floating production, storage and offloading deepwater facility shuttle tankers. LOOP also provides logistics services to pipelines that connect to regional and national pipeline networks and refining facilities. LOOP has more than 72 million barrels of crude oil storage capacity at its Clovelly Hub in Galliano, La.