BP’s $20 million expansion at Largs North fuel terminal
BP said expansion of its Adelaide fuel storage facility will allow the company to grow its South Australian business and ensure security of supply.
Paul Waterman president of BP Australasia.
Work has begun on the design of two additional 30 million litre storage tanks and construction will begin in the second half of 2011.
Simultaneously a rail gantry will be built within the terminal to accommodate rail transportation of fuel.
BP said that as the South Australia mining and transport markets continue to grow, rail movement of fuel offers a reduction in the number of truck movements and an improvement in the efficiency and safety of transporting large volumes of fuel around the state.
BP’s Largs North terminal is already the largest storage facility in the region, and when complete the new tanks will double its diesel storage capacity.
BP said the increased capacity will provide options to bring in product via the shipping patterns from BP’s Kwinana refinery in Western Australia. It will allow for larger imports from Asia, adding to the flexibility of BP’s supply capability.
Paul Waterman, president of BP Australasia, said “The new tanks, combined with the new rail loading gantry, will provide flexibility and additional supply security to our customers in South Australia.
“This announcement follows the recent award of four exploration blocks offshore South Australia, which will see BP investing $1.4 billion in seismic and drilling activity over the next six years.”
BP said its Largs North terminal is the largest oil industry storage facility servicing South Australia, and the largest fuel and diesel storage facility in Adelaide.
The new tanks will increase Largs North terminal’s diesel storage capacity from 75 million to 105 million litres and are expected to be operational in late 2012.
Contact: www.bp.com.au
