|
|
 |
|
The
Newfoundland Transshipment Limited (NTL) terminal
located at Whiffen Head, Placentia Bay commenced
operations on October 1, 1998. Crude oil is shuttled
from the Hibernia and Terra Nova fields to the NTL
terminal. From there the crude oil is transported to
market by smaller conventional tankers, capable of
accessing ports along the eastern seaboard of the US and
the Gulf of Mexico. The terminal provides several
advantages to the offshore oil industry, including
reducing the number of shuttle tankers needed to service
the offshore fields; and, providing greater marketing
flexibility by allowing the size of shipment to be
tailored to the buyer’s needs.
The Terminal has been operated since 1998 by IMTT-NTL,
Ltd. on behalf of NTL. The Newfoundland Transshipment
operation employs 43 personnel at Whiffen Head and six
management and administrative staff in St. John's, all
of whom are dedicated and skilled local personnel.
The terminal has operated for over nine years without a
lost time or serious environmental incident.
Newfoundland Transshipment Limited (NTL) is an
independent company formed to construct and operate the
facility. The facility presently has two berths and
loading platforms and six floating roof storage tanks
with 500,000 barrels capacity each, for a total of 3.0
million barrels capacity.
|
|
