New Dock and Related Terminal Upgrades Are An Important Part of
NuStar’s Eagle Ford Strategy And Will Provide Customers With More
Options to Transport Eagle Ford Crude By Water
SAN ANTONIO--(BUSINESS WIRE)--Feb. 13, 2014--
NuStar Energy L.P. (NYSE: NS) announced today that the company has
completed construction of a private marine loading dock at its North
Beach Terminal in Corpus Christi, Texas, and has its first ship at the
dock to be loaded with crude oil. Originally scheduled to be completed
in the second quarter of this year, NuStar expedited the project in
order to meet strong customer interest in using the dock to transport
shipments of Eagle Ford crude oil by water.
With this new dock, NuStar now has three loading docks in the Port of
Corpus Christi, and can load crude oil onto ships simultaneously on all
three docks. NuStar also completed major additions and upgrades to the
terminal’s pump systems. With all of these upgrades, the North Beach
terminal’s marine loading capacity was more than tripled to 400,000
barrels per day.
“The addition of the new dock and the related upgrades to our systems
are critical to our Eagle Ford Shale strategy as it gives our customers
even more options to move Eagle Ford crude by water,” said NuStar
President and CEO Brad Barron. “This additional capacity enables us to
handle all of the new volumes associated with our ongoing expansion
efforts in our South Texas crude oil pipeline system, as well as
additional volumes shipped on our pipeline systems to Corpus Christi.
“And finishing this project several months ahead of schedule is a real
testament to the hard work and dedication of our employees and our
contractors,” Barron added. “I’m proud of the great teamwork they showed
in working together not just to finish the project quickly, but to
finish it safely.”
The new dock project includes a series of 30-inch and 12-inch pipelines
that move the crude oil from incoming pipelines or tanks within the
terminal to the new dock, a state-of-the-art metering system, vapor
control system, and a dock structure with three loading arms. The dock
system is designed to load Panamax-class vessels (which carry between
350,000 and 500,000 barrels) at rates up to 30,000 barrels per hour. And
the entire structure is supported by 73 concrete piles, each measuring
approximately 120 feet, and each of these piles was driven about 70 feet
into the bottom of the ship channel.
About NuStar Energy L.P.
NuStar Energy L.P., a publicly traded master limited partnership based
in San Antonio, is one of the largest independent liquids terminal and
pipeline operators in the nation. NuStar currently has 8,643 miles of
pipeline; 89 terminal and storage facilities that store and distribute
crude oil, refined products and specialty liquids; and 50% ownership in
a joint venture that owns a terminal and an asphalt refinery with a
throughput capacity of 74,000 barrels per day. The partnership’s
combined system has approximately 97 million barrels of storage
capacity, and NuStar has operations in the United States, Canada,
Mexico, the Netherlands, including St. Eustatius in the Caribbean, the
United Kingdom and Turkey. For more information, visit NuStar Energy
L.P.’s Web site at www.nustarenergy.com.
Source: NuStar Energy L.P.
NuStar Energy, L.P., San Antonio
Investors, Chris Russell, Vice
Investor Relations: 210-918-3057