Brooge lets contract Phase 3 refining, storage development at Fujairah
Brooge Energy Ltd, through its subsidiaries Brooge Petroleum and Gas Investment Company FZE (BPIC) and Brooge Petroleum and Gas Investment Company Phase III FZE (BPGIC III) has let a contract to Ernst & Young to conduct a feasibility study for the oil storage installation of its proposed Phase 3 refinery and storage expansion at its existing terminal operations in Fujairah, UAE, outside the Strait of Hormuz, adjacent to the East coast port of Fujairah on the Gulf of Oman.
EY’s feasibility study will progress BPIC III’s plans as it prepares for the construction stage on the Phase 3 development which, once completed, will add up to 3.5 million cu m – or 22 million bbl – of oil storage capacity to make Brooge Energy the Port of Fujairah’s largest independent oil storage and service provider, the company said on the 16th February.
“Given the shortage of oil storage globally, we are excited to make progress with our project to expand our capacity in Fujairah, which is one of the largest oil hubs in the world. The Phase 3 development will include crude oil capabilities, as well as adding more capacity for fuel oil and clean products,” said Nicolaas Paardenkooper, chief executive officer of Brooge Energy and BPGIC.
The feasibility study contract award to EY follows the 2020 completion of front-end engineering design and start of preconstruction work – including the soil investigation and environmental impact assessment report – for Phase 3, which will include the new storage terminal as well as a new 180,000-b/d refinery.
Brooge Energy most recently said it expects the Phase 3 development to be operational in late 2022.
Source: Oil & Gas Journal