Enterprise Receives Deepwater Port License for Spot Project
Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) today announced that it has received the deepwater port license for the Sea Port Oil Terminal (“SPOT”) from the United States Maritime Administration (“MARAD”), an agency within the federal Department of Transportation.
- Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) today announced that it has received the deepwater port license for the Sea Port Oil Terminal (“SPOT”) from the United States Maritime Administration (“MARAD”), an agency within the federal Department of Transportation.
- The license enables Enterprise to move forward to the next step in developing the offshore terminal capable of loading 2 million barrels per day (“BPD”) of crude oil.
- “I would like to congratulate the entire Enterprise team, which demonstrated outstanding technical skills, dedication and perseverance over the past five years, allowing us to receive this license,” said A.J.
- The SPOT platform would also serve as a reef, supporting marine life.”
MARAD and U.S. Coast Guard led the comprehensive, four-year environmental review of this project.