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RECOPEANNUALREPORT2014
Upon completion of these facilities, installed capacity will increase to
24,500m3 (154,000 barrels), from the current capacity of 10,500m3 (65,000 barrels).
The most important progress made by the end of the year 2014, is the assembly and
soldering completed for one of them, two other close to completion with important
progress in theworks. Also, the foundationwas laid for the fourth tank and, at the same
time, the tank was disassembled, and various old cylinders and pipelines were taken
out of service.
Expansion of the Port Fuel Terminal in the Atlantic (ATPPA)
The expansion and modernization project for the fuel terminal in
the Atlantic consists of the construction of a Dolphin type dock for safe unloading
of products required by the country, such as crude oil, gasoline, diesel, and Jet A-1
fuel, with a cost of US$98 million. The works include the expansion of the current
breakwater in 200 meters and the construction of two moorings, four docking points
(two at sea and two on land), as well as the loading platform.
The Mexican-Costa Rican Company ICA-MECO (ICA Ingenieros Civiles
Asociados de C.V. and Constructora Meco S.A.) is in charge of the development of the
project, that includes all the necessary systems for safe and efficient operation, such
as navigation aids, firefightingmechanisms, automation, control and unloading of fuel.
The current capacity of the dock is 40,000 dead weight tons, reason why
the development of the new fuel terminal will allow increasing the capacity to receive
ships with 80,000 tons of dead weight (560,000 barrels of crude oil). This means
important savings in transportation, if sufficient storage capacity is available.
The engineering works desings for the docks was approved by the
technical department on August 28, 2014, and was sent for further approval by the
external competent entities, including CFIA.
During the year 2014 the construction continued in the breakwater
structure, for which the core, filter and sub-armor on both fronts, the main section
leveled with the sub-armor and work is being performed on the walkway for placing
the berm and armor. Also, a new crane was incorporated to allow higher performance
levels.
Additionally, the technical construction procedures were analyzed,
regarding the loading tests and the piling for structure production, and loading tests
are programmed to start on the access bridge of the main platform.
Although important progress has been made, it is foreseeable that the
execution term be extended under the provision regarding for “adverse climate
conditions”, as progress and performance of the works at sea have been adversely
impacted by strong wind conditions affecting wave level and constant rains prevent
placing the material on the breakwater by sea.
Expansion andmodernization of the refinery to 65mil bbl/day
Management is still assessing the options regarding this project, aiming to
renegotiate with China, a country that signed a cooperation treaty, which was the base
for the Joint Venture that will undertake the construction works. At this moment, this
project has been suspended.