00301063

Component

http://onlinepubs.trb.org...s/trr/1979/704/704-002.pdf

https://scholar.google.co...lton&publication_year=1979

The results of a study conducted to assess the vitality of a Texas deepwater port are presented. The two major issues in the study were the financial feasibility of such a project and the role of the state of Texas in its development. A deepwater oil terminal at Freeport, Texas, would greatly influence refinery activity along the Texas Gulf Coast. An analysis of many factors indicates that predicted demands for crude oil in the Gulf Coast area would justify a 0.6 million cu m/d (3.75 million bbl/d) facility. A facility of this size would provide an average transportation cost saving of $3.78 cu m ($0.60/bbl) through the use of very large crude carriers instead of smaller tankers. Over a 30-year pay-out period, given operating costs of $3.3 billion and a capital investment of $1.2 billion (1980 dollars), a projected total cost saving of $18.4 billion would be realized. The construction and operation of the offshore terminal facility are expected to bring economic benefits to the local area. The number of jobs that would be created by the offshore terminal and the related expansion of the refinery and petrochemical industry would provide increased opportunities for employment. Use of supertankers instead of conventional small tankers would reduce the number of collisions in the vicinity of ports and harbors. Depending on the average size of the operating fleet, the probability of a collision for supertankers could be one-sixth that for smaller vessels. The results of the analysis indicate that an offshore deepwater terminal on the coast of Texas is practicable. /Author/

Publication of this paper sponsored by Committee on State Role in Waterborne Transportation. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.

01411539

pp 7-14

1979

Transportation Research Record

58th Annual Meeting of the Transportation Research Board

0309029503

Print

Figures (4) ; Maps; References (14) ; Tables (5)

Deepwater harbors; Marine terminals; Offshore terminals; Oil wells

Texas

Highways; Marine Transportation; Planning and Forecasting

TRIS, TRB

Nov 27 1979 12:00AM

• INLAND NAVIGATION SIMULATION MODEL: VERIFICATION AND EVALUATION
• METHOD FOR ESTIMATING NONPHYSICAL, TRANSPORTATION-RELATED BUSINESS LOSSES CAUSED BY FLOODING ON THE INLAND RIVER SYSTEM
• PROJECTING THE DEMAND FOR OHIO RIVER BASIN WATERWAY TRAFFIC BY CORRELATION AND REGRESSION
• TIME-BASED MULTICRITERIA EVALUATION MODEL OF USER CHARGES
• WATERWAY USER CHARGES: SOME LIKELY IMPACTS IN THE TENNESSEE AREA