DTA Engenharia Plans to Invest $500 Million on New Storage Terminal in Brazil

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Researched by Industrial Info Resources Latin America (Cordoba, Argentina)--Engineering and port logistics company DTA Engenharia (Sao Paulo, Brazil) is completing the front-end engineering for a $500 million crude oil & refined products terminal on the coast of Rio de Janeiro, in the city of Marica. The terminal will have an 850,000-barrel capacity.

The project, which is awaiting the approval of its preliminary environmental license by the Rio de Janeiro State Environmental Institute (INEA), will consist of 85 storage tanks, a pier, and a dock and berth to load and unload crude oil and refined products. The terminal also will serve as an entry point for the Rota 3 Offshore Pipeline, which will connect the planned crude oil and natural gas FPSO on the Franco Field, in Santos Basin, to the planned natural gas processing unit at the Comperj Refinery, in the city of Itaborai. The natural gas unit is currently in the bidding phase.

The terminal construction is scheduled to kick-off during the second half of 2014 and is expected to begin operations by the second half of 2016.

In addition to the $500 million to be invested by DTA, other companies expect to invest more than $1.4 billion to construct port infrastructure, storage tanks and offices on the terminal. Financial consulting firm Vinci Partners (Rio de Janeiro, Brazil) advised DTA to raise private investment funds for the project.

The terminal will provide logistical support to several planned offshore floating, production, storage and offloading (FPSO) platforms that are under construction by Petrobras (NYSE:PBR) (Rio de Janeiro, Brazil). These platforms will begin operations on the subsalt of Campos and Santos Basin, on the southeast Brazilian coast, by the end of 2016.

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