NEW DELHI: Indian Oil Corporation (IOCL) has completed installation of the Single Point Mooring (SPM) system in the Bay of Bengal, at about 20km from Paradip shores for unloading of crude oil brought by tankers. The SPM system was commissioned on Sunday after successfully unloading of crude oil from a vessel named Jawaharlal Nehru.
The pipeline project consisted of installation of OLE_LINK2OLE_LINK1- Single Point Mooring (SPM) facilities at Paradip port, laying of 48 inch Diameter and 20 km long pipeline from SPM to the shore tank farm, construction of a tank-farm at Paradip and laying of a 30 inch diameter and 330 km long crude oil pipeline to connect IndianOil's existing Haldia-Barauni Crude Oil Pipeline at Haldia.
The pipeline system would facilitate substantial reduction in the cost of transportation of crude oil to Haldia and Barauni refineries as compared to the present system of receiving the same at Haldia port through smaller tankers.
The Rs 1420 crore project is designed for a capacity of transportation of 11 million tonnes of crude oil per year.