Strategic CBM Fuelling Hub for Africa
LUANDA, Angola, April 21, 2015 /CNW/ - Puma Energy, the globally integrated midstream and downstream energy company, today opened one of the world's largest conventional buoy mooring systems ("CBM") in Luanda Bay, Angola. The fuel loading buoy anchored offshore serves as a strategic mooring point for Africa and it will allow a wide range of carriers to berth while loading or offloading oil product.
The new CBM is located next to Puma Energy's Fishing Port Terminal in Luanda Bay, which is currently being extended and will have a total storage capacity of 276,000m3. The CBM meets Oil Companies International Marine Forum ("OCIMF") standards and can accommodate vessels up to 225,000 Dead Weight Tons ("DWT") with a draft restriction of 19.3m. It has bi-directional flow and a nominal product transfer rate of 4,000 m3 per hour on both lines. The mooring buoys are fitted with navigational aids to assist with effective, safer and environmentally friendly tanker loading and berthing.
Puma Energy applied its extensive infrastructure experience to construct this state-of-the-art facility, the result of which will make Angola's Fishing Port Terminal a key site securing the supply of energy to and from Angola and Africa during a period of high demand for energy products.
Pierre Eladari, CEO for Puma Energy said: "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."
The CBM is part of Angola's long term strategic objective to improve the country's infrastructure endowment. Improved efficiency at the Port of Luanda will help Angola's economy to remain amongst the fastest growing in Africa.
Puma Energy entered Angola in 2004 as a partner for Sonangol, Angola's National Oil Company, in its strategic ambition to invest, redevelop and liberalise its downstream oil industry. Currently Puma Energy operates four businesses in Angola: Pumangol Retail - Petrol Station network; Pumangol B2B - direct seller of fuels to the industry; Pumangol Bunkering - bunkering of vessels and AngoBetumens - bitumen storage and distribution.
Puma Energy has built lasting vital infrastructure across all 18 provinces in Angola, including bulk storage facilities, a retail network programme of approximately 71 sites across the country and created thousands of jobs.
SOURCE Puma Energy