On 30
November 2023, oil lifting on tankers was resumed at the Marine Terminal of
Caspian Pipeline Consortium. Lifting was suspended in accordance with the storm
warnings issued by the Novorossiysk Harbor Master and actual adverse weather
conditions. Floating hoses and Single Point Moorings were inspected. Damage of
a floating hose of SPM-3 inner string was discovered - hose kink caused by
abnormal storm conditions.
Therefore, in accordance with CPC’s uncompromising
position on environmental protection and safety, also in the course of
operation of the equipment of the Consortium’s Marine Terminal in the Black
Sea, to prevent emergencies caused by oil spill, SPM-3 was taken out of
service. There is no oil spill, no conditions exist to cause an emergency, and
there is no threat to community, flora and fauna of the Black Sea.
Note that oil
lifting due to weather conditions in autumn-winter and in spring is stopped
regularly and is a routine event. Oil is currently being lifted from the Marine
Terminal in standard mode via SPM-1 and SPM-2.
The damaged
strings of the floating hoses at SPM-3 will be replaced using the available
spares in stock subject to favorable weather conditions. Once SPM-3 is put back
into service after replacement of damaged strings of floating hose the
information will be provided.
For information:
CPC Pipeline System is one of the major
investment projects with foreign capital in energy sector in the CIS. The
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 (SPM) that allow to load tankers
safely at a significant distance offshore, also amid poor weather conditions.
CPC Shareholders: Federal Agency for State Property
Management represented by Transneft (trust management) – 24%, IC CPC Company LLC – 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. S.ar.l. – 2% and Oryx Caspian
Pipeline LLC – 1.75%.