The company signed a deal with Cal Dive Offshore Contractors Inc. of Houston Texas, for the reinstatement of the Old Large Jetty (Berth 5&6).

The project involves the removal of the existing structure and the installation of a new jetty structure along with new pipelines from the tank terminal to the jetty offshore. The new jetty which is comprised of a deck and its jacket were fabricated in Louisiana, USA.

Quinn Hebert, president and chief executive officer of Cal Dive, said:”We are excited to announce this new project in The Bahamas which will be performed in the fourth quarter of 2010 and the first quarter of 2011. This project is an example of the integrated services solution we are able to offer our clients with large complex projects, due to the wide range of capabilities of our assets and the advanced technical skills of our project management team.”

Back in June The Nassau Guardian revealed how BORCO’s $350 million expansion project in Freeport, set to create around 600 new jobs, had moved forward after the oil storage company signed a deal with two South Korean firms. BORCO, a joint venture of First Reserve Corporation and Royal Vopak, entered into an agreement with POSCO Engineering & Construction Co. Ltd., with co-operation with Hyundai Corporation to move forward with BORCO’s Greenfield expansion program of their Vopak Terminal in The Bahamas. The Greenfield expansion program provides for the construction of an additional 30 tanks for clean petroleum products and infrastructure improvements to provide world-class service to BORCO’s customers. With the completion of this project, the BORCO Terminal will grow from a terminal of 21.4 million barrels to a terminal of 27.4 million barrels capacity, advancing its position as a key international hub for crude oil and petroleum products in the oil industry, as well as a best-in-class storage and trading platform for the region.