Texas Port eyes phased construction
The Texas Deepwater Port Authority might be built piecemeal since only seven companies have made nonbinding expressions to supply throughput of 550,000 bbl/day for the port. The Port Authority needs commitments for 1.4 million bbl/day from shippers before it could sell bonds to finance the $843 million construction cost of the originally planned 2.5 million bbl/day facility. The Louisiana Offshore Oil Port Inc. (LOOP) project will be finished during the first quarter of 1981, rather than during the originally scheduled fourth quarter of 1980, due to the greater than expected time required for drilling and leaching of salt domes for crude storage. Environmental concerns engendered by the Burmah Agate fire for the Pelican Terminal Corporation near Galveston, Texas. The Nueces County Navigation District Deeport project in the Corpus Christi area, which calls for the dredging of an 80 ft deep, 10 mi long approach channel as well as docking and turning basins, is being delayed out of concern that the dredging spoils would damage wetlands.
- OSTI ID:
- 5456682
- Journal Information:
- Oil Gas J.; (United States), Journal Name: Oil Gas J.; (United States) Vol. 78:3; ISSN OIGJA
- Country of Publication:
- United States
- Language:
- English
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