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Puma Energy opens offshore facility

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Puma Energy, the globally integrated midstream and downstream energy company, has opened one of the world’s largest conventional buoy mooring (CBM) systems in Luanda Bay, Angola.

The fuel loading buoy, anchored offshore, serves as a strategic mooring point for Africa; and it will allow a wide range of carriers to berth while loading or offloading oil products.

The new CBM is located next to Puma Energy’s Fishing Port Terminal in Luanda Bay, which is currently being extended and will have a total storage capacity of 276,000m3. The CBM meets Oil Companies International Marine Forum (OCIMF) standards and can accommodate vessels up to 225,000 DWT (Dead Weight Tons) with a draft restriction of 19.3m.

It has bi-directional flow and a nominal product transfer rate of 4,000m3 per hour on both lines. The mooring buoys are fitted with navigational aids to assist with effective, safer and environmentally-friendly tanker loading and berthing.

Puma Energy applied its extensive infrastructure experience to construct this state-of-the-art facility — the result of which will make Angola’s Fishing Port Terminal a key site securing the supply of energy to and from Angola and Africa during a period of high demand for energy products.

Pierre Eladari, CEO for Puma Energy said: “We constantly assess new and strategic infrastructure investment opportunities which help us provide safe, reliable and cost-effective supply, storage and distribution solutions to our customers. This new CBM facility in Luanda provides security of supply to and from Angola as well as Africa”.

The CBM is part of Angola’s long-term strategic objective to improve the country’s infrastructure endowment. Improved efficiency at the Port of Luanda will help Angola’s economy to remain amongst the fastest-growing in Africa.

Puma Energy entered Angola in 2004 as a partner for Sonangol, Angola’s National Oil Company, in its strategic ambition to invest, redevelop and liberalise its downstream oil industry. Currently Puma Energy operates four businesses in Angola: Pumangol Retail — Petrol Station network; Pumangol B2B — direct seller of fuels to the industry; Pumangol Bunkering — bunkering of vessels; and AngoBetumens — bitumen storage and distribution

Puma Energy has built lasting vital infrastructure across all 18 provinces in Angola, including bulk storage facilities, a retail network programme of near 71 sites across the country, and has created thousands of jobs.
Puma Energy is a global integrated midstream and downstream oil company active in close to 45 countries.

Formed in 1997 in Central America, Puma Energy has since expanded its activities worldwide, achieving rapid growth, diversification and product line development. The company directly manages over 7,400 employees. Headquartered in Singapore, it has regional hubs in Johannesburg (South Africa), San Juan (Puerto Rico), Brisbane (Australia) and Tallinn (Estonia).

Puma Energy’s global integrated asset base includes 84 primary terminals that are strategically located, bringing security of supply to 23,500 B2B customers and 215 million retail customers. The Puma Energy business model enables our growing team of energy professionals to consistently deliver dynamic performance in markets with growth potential to our customers.

The company’s core activities in the midstream sector include the supply, storage and transportation of petroleum products. Puma Energy’s activities are underpinned by investment in infrastructure which optimises supply chain systems, capturing value as both asset owner and marketer of product.

Puma Energy’s downstream activities include the distribution, retail sales and wholesale of a wide range of refined products, with additional product offerings in the lubricants, bitumen, LPG and marine bunkering sectors. Puma Energy currently has a global network of over 2,000 retail service stations.

Source: http://thebftonline.com/commodities/oil-gas/14007/Puma-Energy-opens-offshore-facility.html#sthash.phHsCKwA.dpuf

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Reporting Oil and Gas project was launched on 4th June 2009atTakoradi, Western Region, Ghana by Penplusbytes (PPB – www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector
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