LOOP offers export capabilities
Early in 2018, the Louisiana Offshore Oil Port (LOOP LLC), of which MPC is the majority owner, achieved a milestone that had game changing potential: it loaded its first Very Large Crude Carrier (VLCC) at its Deepwater Port, 18 miles offshore of Port Fourchon, Louisiana. Houston-based Shell Trading Company US (STUSCO) was the shipper of record for that historic cargo.
LOOP is the nation’s largest privately-owned crude oil storage and transportation logistics facility and is the only U.S. port capable of fully loading a VLCC. This now enables inbound vessels to deliver foreign crude oil and then leave LOOP with U.S. crude oil, rather than returning empty. With domestic production surpassing 10 million barrels per day, the capability truly optimizes America’s energy supply chain.
MPLX Logistics & Storage Executive Vice President John Swearingen was instrumental in helping drive LOOP’s new capabilities. “LOOP started talking about vessel loading several years ago in the effort to diversify their overall business offerings,” he says. “They were able to offer a solution to the marketplace quickly and at a fraction of the cost of other options.”
“Today, customers are seeking more options to load petroleum produced in the United States onto the largest ocean-going ships for delivery to international destinations,” said LOOP President Terry Coleman, who joined LOOP in 2008 and assumed the role of president on July 1. “The service has been embraced by customers and connects our Clovelly Hub in Galliano, Louisiana, with our deep water port and to the global refining market.”
LOOP offers the service utilizing existing infrastructure, which eliminated the need for increasing the facility’s environmental footprint and is scalable to meet the changing needs of the industry. “Throughout the last six months, LOOP has safely loaded VLCCs by leveraging the operational and environmental knowledge we have attained over the decades,” said Coleman.
LOOP, which has successfully offloaded more than 10,250 crude oil vessels since commencing operations in 1981 and transported more than 11 billion barrels of crude oil by pipeline to U.S. refineries, is ready to embrace a new era.