Upon completion of Phase III, Brooge Energy is expected to reach up to 3,500,000 cu. m. of storage capacity
Brooge Energy Limited has appointed MUC Oil & Gas Engineering Consultancy (MUC) to complete the basic design for a 180,000 bpd refinery and Front End Engineering Design (FEED) study for its planned Phase III oil storage terminals in Fujairah.
A midstream oil storage and service provider located in Fujairah, Brooge Energy made the announcement through its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company (BPGIC). The studies are expected to be completed within three months, the company announced.
According to the terms of the deal, MUC will develop all necessary technical definition, cost and schedule estimates for the proposed Phase III facility. Brooge Energy stated that it expects Phase III facility to have an additional storage capacity ranging from 2,100,000 cu. m. up to 3,500,000 cu. m. of fuel oil, clean products and crude oil, upon completion. The agreement will also include a refinery of up to 180,000 bpd; the layouts and refining capacity of which are expected to be finalised upon FEED Study completion.
Nicolaas L. Paardenkooper, CEO of Brooge Energy and BPGIC, said: “This is a major milestone in the development of the project. MUC is the same technical advisor that designed the facilities for our Phase I and Phase II terminals.”
“We are pleased to partner with them again to advance our plans to develop our Phase III facility, using the same award-winning technology, technical features and tank diversification as used in Phase I and Phase II. We believe this expansion would, upon completion, make us the largest independent oil storage and service provider in Fujairah,” he added.
BPGIC is a key independent storage provider in Fujairah, situated in its east-coast port on the Gulf of Oman. It owns the capacity to store clean petroleum products and fuel oil using some of the latest technology to maximise company performance and efficiency, while reducing operating costs. Through the development of its Phase II and Phase III facilities, it is also building the capacity to store crude oil using similar technology, the company added.