Midia Marine Terminal – company of The Rompetrol Group which is in charge with the construction of the crude oil offshore terminal in Midia harbour, the Black Sea - has selected Van Oord Offshore B.V., a Dutch company to be its general contractor, and the supplier of the basic equipment necessary to completing the terminal is also a Dutch company: Bluewater Energy Services B.V. The value of the project Midia marine terminal is currently estimated to USD 90 million. The project was initiated in June 2006 and will be completed this fall.
“We have finished the technical project and the first equipments are to be supplied in April. All necessary licenses for starting the investment have been obtained, the geotechnical and geophysics studies with respect to the building site of the pipeline, both at sea and on land have been carried out and were based on a very comprehensive study carried out by Midia Marine Terminal Company. We analysed all environmental data available with respect to the wind, wave, water temperature, earthquake conditions. I can say that the project benefits from the most exhaustive environmental study and the best professionals in the field”, according to Tudorel Dumitraşcu, General Manager of Midia Marine Terminal Company.
The floating marine terminal for oil unloading is positioned at 8.7 kilometres into the Black Sea, in the area where Petromidia refinery is located. The terminal may receive crude tankers of maximum 160,000 DWT, of Suezmax class, the maximum transfer capacity will reach 14 million tons of crude per year.
When the project is completed, ships may unload oil by using a floating landing system connected to a submarine and land pipe linking to the crude tank park of Petromidia refinery. Compared to the route through Constanta Harbour, this project shortens by 33 kilometres the pipeline access route of oil between tanker and refinery, whilst achieving important cost reductions, of at least USD 4-5 / t. The crude will be pumped through the pipes of the marine terminal with a 7000 cubic metre per hour flow.
The project will enable the Rompetrol Group to become an important component of a crude oil supply chain from the Caspian Sea to Petromidia plants, ensuring an important oil flow for both the Romanian and Central European markets.
About Rompetrol:
Rompetrol Group is one of the most important multinational oil companies of the European Union, according to revenues. TRG is headquartered in the Netherlands and has operations and assets located in France, Romania, Spain and South-Eastern Europe. TRG is a linking bridge between the crude oil resources in the East and trade markets in the West, ensuring a constant flow of raw material and meeting the need of European standard product consumers. The main activities of the Group cover the fields of refinery and marketing/sale of oil products, with adjacent preoccupation for exploitation, production and other services for the oil industry. The Group has more than 9000 employees in 13 countries and estimates a USD 10 billion turnover for 2008. TRG seeks to become one of the largest oil companies in Europe and play an important part in the energetic security of Europe by acquiring a strong position in the Black Sea and Mediterranean Sea basins.
About Van Oord Offshore B.V
Van Oord is an internationally famous contractor of maritime constructions with an activity in dredging and maritime construction projects all over the world. Van Oord is an independent and private company, with stockholders involved in its activities. Van Oord develops projects of any size and complexity, all over the world. The turnover of the company amounted to Euro 1,652 million in 2007, and the net profit amounted to Euro 164 million - by 85% larger compared to 2006 when it registered Euro 89 million.