On November 27, 2025, a delegation of Shareholders participating in the CPC corporate governance meetings, Consortium managers and specialists visited the manufacturing site of Drydocks World Dubai shipyard in the UAE.
The purpose of the visit was to check the readiness of two new single point moorings, which will be installed in the water area of the Consortium's Marine Terminal in 2026 to replace the existing SPMs. As a reminder, two single point moorings commissioned in 2001 are to be replaced, SPM CPC-1 and SPM CPC-2.
In September 2025, the operation to install anchor caissons for these SPMs was successfully completed as part of SPM replacement program. Twelve hold-down anchors were delivered to Novorossiysk from the UAE on three vessels and installed in their design positions at the seabed in the CPC Marine Terminal water area.
The delegation members inspected the shipyard's production facilities and the SPM manufacturing site. SPM manufacturer informed the visitors that manufacture of single point moorings is actually nearing completion. Work is currently underway to run and seal cabling inside the buoy superstructures, fit and weld hatch covers. Testing of pipeline end manifold pipelines is in its final stage, pipeline painting is ongoing.
The contract for manufacture of two SPMs was signed in January 2024. The anticipated manufacturing completion date for both products is December 2025.
The CPC Marine Terminal has three SPMs for handling oil tanker cargo operations. They are custom-made. The buoys are located at 5 km distance offshore and are connected to the terminal's shore facilities via subsea pipelines.
For reference:
The CPC pipeline system is one of the largest projects in the energy sector in the CIS. Length of the Tengiz–Novorossiysk Pipeline is 1,511 km. This route transports over two thirds of all Kazakhstan export crude, as well as crude from Russian oil fields, including those in the Caspian Region. CPC Marine Terminal is equipped with three Single Point Moorings (SPMs) that allow to load tankers safely at a significant distance offshore.
CPC Shareholders: Russian Federation – 24 %, IC CPC Company (LLC) – 7%, NC KazMunayGas JSC – 19%, Kazakhstan Pipeline Ventures LLC – 1.75%, Chevron Caspian Pipeline Consortium Company – 15%, Lukoil International GmbH - 12.5%, Mobil Caspian Pipeline Company– 7.5%, Rosneft-Shell Caspian Ventures Limited– 7.5%, BG Overseas Holdings Limited– 2%, Eni International N.A. N.V. S.ar.l. – 2% and Oryx Caspian Pipeline LLC – 1.75%.