August 11, 2016 [LOOP LLC] - LOOP, the developer and operator of the nation’s only Deepwater Oil Port, announced the early commissioning of services on 3 new above ground crude oil tanks located at its Clovelly Hub in Louisiana.
Each tank is capable of accommodating over 355,000 barrels of crude oil for customers at the Hub. These tanks utilize the latest technology for environmental and safety compliance. The tanks include electronic level controls, fire detection equipment, advanced security surveillance and around the clock operational monitoring.
When the entire project is completed in April 2017, seven new tanks totaling 2.5MMB of capacity will be online. The project, which began in April 2015, has employed hundreds of craftsmen, designers and engineers during a period of constrained employment opportunity in the region. Tom Shaw, LOOP’s President, said “the attention to detail and quality found in our regional service providers is truly world class”. This exceptional performance allows the equipment to be placed into service almost 3 months ahead of schedule to meet market demands.
The Deepwater Port Complex was initially developed to facilitate imports of crude oil to United States, but has grown to be an essential landing point for domestically produced energy.
