Energy oil pipeline Logistics Infrastructure and Construction Petroterminal de Panamá S.A. Petroterminales de Panama S.A. Infraestructure & Construction Ports construction fuel storage tank oil exports port Andrade Gutierrez Concessões de Brasil BP Products North America Inc.

$100 Million Expansion of Trans-Panama Pipeline

Petroterminal de Panama awarded a contract in excess of $100 million to CB&I, to engineer, procure and construct the Phase 2 expansion of the Trans-Panama Pipeline facilities.

Thursday, October 1, 2009

The work scope includes the design and construction of 5.4 million barrels of crude oil storage and the associated civil, mechanical and electrical work at PTP's terminal facilities in Chiriqui Grande on Panama's Atlantic coast, and Puerto Armuelles on the Pacific coast. CB&I, which built the original PTP storage tanks in the late 1970s, was awarded the EPC contract for Phase 1 of the expansion project in May 2008.

Chicago Bridge & Iron Company, known commonly as CB&I, is a large multinational conglomerate engineering, procurement and construction (EPC) company. CB&I specializes in projects for oil and gas companies.

Source: CB&I

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oil

Key entities

Petroterminal de Panamá S.A. Petroterminales de Panama S.A. CB&I

Countries

Panama

Insight

pipeline Infrastructure & Construction Infrastructure and Construction Energy

BP ships oil through Trans-Panama Pipeline

February 2012

BP Products North America Inc. will ship some 100,000 barrels per day from east to west under agreement with Petroterminal de Panama (PTP). BP will provide oil to customers in the West Coast of the United States.

The press release of PennEnergy says,

BP Begins Shipping Crude Oil Along Trans-Panama Pipeline

MEC Builds Two Monobuoys in Panama

September 2011

The company will build two monobuoys that will be used by Petroterminales de Panama’s supertankers in their facilities in Bocas del Toro.

The first of the two structures weighing 45 tons each will be ready by mid-October.

"Monobuoys are used to stabilize oil tankers that cannot go as far as the dock where oil is received or sent due to lack of port depth", explained Prensa.com.

Refiner Tesoro in pact to use Panama oil pipeline

December 2008

Crude oil refiner Tesoro Corp announced an agreement with Petroterminal de Panama, allowing it to transport crude oil from the Atlantic region through Panama to its Pacific refineries.

PTP has announced a project that will reverse the flow of its 81-mile trans-Panamanian pipeline.

British Petroleum negotiates using Panamanian pipeline

November 2008

British Petroleum is negotiating with Petroterminales of Panama to move crude oil from the Caribbean coast in Bocas del Toro to the Pacific area of Chiriqui using the pipeline.

Mauricio Ruiz of British Petroleum (BP) said yesterday that the project is very important for the company because they have had to make adjustments as the world supply and demand dynamic changes, since the oil for the refineries on the US east coast no longer come from Alaska but from Western Africa.