Brooge Energy Limited, (through its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (BPGIC) has announced that it has appointed MUC Oil & Gas Engineering Consultancy (MUC) to complete the basic design for a 180,000 bpd refinery and Front End Engineering Design (FEED) study for its planned Phase III oil storage terminals in Fujairah.
Brooge said in a statement announcing the news that the studies, which are expected to be completed within three months, “will develop all necessary technical definition, cost and schedule estimates for the proposed Phase III facility”.
It added that, upon completion, it believes the Phase III facility will add an additional storage capacity ranging from 2,100,000 m3 up to 3,500,000 m3 of fuel oil, clean products and crude oil. 3,500,000 m3 equates to approximately three and half times the size of its projected post-Phase II capacity of 1,000,585 m3.
Brooge said in the same statement that it also aims to include a refinery of up to 180,000 bpd. The layouts and refining capacity are expected to be finalised upon FEED Study completion.
Nicolaas L. Paardenkooper, CEO of Brooge Energy and BPGIC, said: “This is a major milestone in the development of the project.”
He added: “MUC is the same technical advisor that designed the facilities for our Phase I and Phase II terminals and we are pleased to partner with them again to advance our plans to develop our Phase III facility, using the same award-winning technology, technical features and tank diversification as used in Phase I and Phase II. We believe this expansion would, upon completion, make us the largest independent oil storage and service provider in Fujairah.”
BPGIC is a key independent storage provider in Fujairah, UAE, conveniently situated in the East-coast port of Fujairah on the Gulf of Oman, which owns capacity to store Clean Petroleum Products and Fuel Oil using some of the latest technology to maximize company performance and efficiency, while reducing operating costs. Through the development of its Phase II and Phase III facilities, it is also building capacity to store crude oil using similar technology.
For more information visit www.broogeholdings.com
