The Port of Corpus Christi Authority Commission approved a lease agreement and related pipeline easement for the Bluewater Texas Terminals, LLC (BWTX) offshore deepwater port project — a 50/50 joint venture between Texas-based Phillips 66 and Trafigura Group Pte. Ltd. This agreement facilitates BWTX’s plans to provide safe and environmentally friendly infrastructure for the increasing exports of responsibly produced U.S. crude oil to the global demand markets that prefer U.S. energy.
Phillips 66, Trafigura and the Port of Corpus Christi Partner to Build Offshore Single Point Mooring Facility
Phillips 66 and Trafigura Group pte. Ltd announced today that they have formed a 50/50 joint venture, Bluewater Texas Terminal LLC (“Bluewater Texas”) to build an offshore deepwater port project consisting of up to two single point mooring (SPM) buoys. The Bluewater Texas SPM project will be strategically located approximately 21 miles offshore from the Port of Corpus Christi in deepwater to allow for the safe and environmentally responsible loading of crude tankers, including Very Large Crude Carriers or “VLCCs.”