March 5, 2012 [Contango Storage] - Contango Storage is pleased to announce it has signed an agreement with Swedish energy utility Vattenfall regarding marketing and administration of Vattenfall's oil depot in Stenungsund, Sweden.
In order to continuously develop and improve the usage of its oil depot, Vattenfall has decided to rent out the depot to external clients. Contango Storage will be fully responsible for marketing and operations. The cooperation will start with immediate effect and storage will be available from 1st July 2012.
The operation will continue as before and the ambition is to maintain Stenungsunds position as one of the best cavern storages in Scandinavia. The two companies plan to improve the infrastructure and increase the service level for customers.
Facts
West coast of Sweden, 50 km north of Gothenburg,
Latitude N58° 05′ Longitude E11° 49′
9 caverns between 40.000 and 58.000 cbm
Draft 11.5 m
LOA 240 m
Beam 40 m
Pumping capacity up to 1,000 cbm/h
For further information please contact johan@contangostorage.com or visit www.contangostorage.com
