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Tuesday, 21 April 2015

Puma opens Luanda CBM as it mulls $400m expansion

Downstream oil firm Puma Energy has announced the opening of the world’s largest conventional buoy mooring system (CBM) at its Luanda Bay port project in Angola as part of on-going expansion that aims to double or even triple capacity at the site.

 “We constantly assess new and strategic infrastructure investment opportunities which help us provide safe, reliable and cost effective supply, storage and distribution solutions to our customers. This new CBM facility in Luanda provides security of supply to and from Angola as well as Africa,” Pierre Eladari, chief executive of Puma Energy commented.

The firm is reportedly planning to invest as much as $400 million in the development of the port terminal to take advantage of demand for exports from the country. The expansion of Puma’s Fishing Port Terminal at Luanda Bay in the north west of the country is expected to create storage capacity for 276,000 cubic metres of fuel, with upper estimates suggesting this could rise as high as 393,000 cubic metres.

The new fuel loading buoy anchored offshore allows a wide range of carriers to berth while loading or offloading oil product and serves as “a strategic mooring point for Africa”, the firm states.

The firm provides logistics and management services for a fleet of bunker barges offshore from Angola and in the port of Luanda which deliver marine gas-oil to oil rigs and marine gas-oil and fuel-oil to vessels in the region.

The Angolan government is also considering plans to develop a new port at Dande, about 30km to the north.

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