The repair of Single Point Mooring 1 (SPM-1) was completed at the Marine Terminal of Caspian Pipeline Consortium near Novorossiysk on September 5, 2021. The specialists of Transneft-Service, the contractor for maintenance of the CPC marine equipment, have replaced both expansion joints - structural elements of the single point mooring. According to the early findings, the crude oil release occurred on August 7, 2021 during tanker loading was caused by internal damage of one of these parts.
New expansion joints were urgently ordered with the SPM manufacturer IMODCO (Monaco). The required quantity of parts was delivered to the CPC Marine Terminal on short notice. The expansion joints were replaced in accordance with the manufacturer's technical documentation and in compliance with the requirements of the Russian state control authorities.
Upon completion of acceptance tests the repaired SPM-1 will be put back into operation. The Consortium plans to replace both expansion joints on SPM-2 in the near future. The crude oil lifting processes at all CPC locations including the Marine Terminal are on schedule.
The CPC Pipeline System is one of CIS largest energy investment projects that involves foreign capital. The length of the Tengiz – Novorossiysk pipeline is 1,511 km. This route moves over two thirds of all Kazakhstan export oil along with crude from Russian fields including those in the Caspian region. CPC Marine Terminal is equipped with three Single Point Moorings (SPM), allowing tankers to be loaded safely at significant distance offshore, including in poor weather conditions
CPC Shareholders: Federal Agency for State Property Management represented by Transneft (trustee) – 24%, CPC Company – 7%, KazMunayGas – 19%; Kazakhstan Pipeline Ventures LLC – 1.75%, Chevron Caspian Pipeline Consortium Company – 15%, LUKARCO B.V. - 12.5%, Mobil Caspian Pipeline Company - 7.5%, Rosneft-Shell Caspian Ventures Limited - 7.5%, BG Overseas Holding Limited - 2%, Eni International N.A. N.V. - 2%, and Oryx Caspian Pipeline LLC – 1.75%.