HOUSTON—Liquids terminaling and logistics provider Moda Midstream, LLC April 28 announced it has placed into service the final 495,000-barrel tank from its 10 MMbbl crude oil expansions at the Moda Ingleside Energy Center (MIEC) in Ingleside, Texas and the Moda Taft Terminal in Taft, Texas. The completion of this storage expansion brings total storage capacity at MIEC and the Moda Taft Terminal to approximately 12 MMbbl.
“At a time when there is a pressing need for additional crude oil storage, the early delivery of the tanks is another example of Moda’s ability to consistently provide solutions to our customers,” said Moda President and CEO Bo McCall. “Bringing 10 million barrels of storage online in just over a year and a half is a major accomplishment.”
Construction has begun at MIEC on a new expansion phase of an additional 3.5 MMbbl of crude oil storage. Moda expects to begin placing storage tanks from this expansion into service later this year. MIEC will have total storage capacity in excess of 15.5 MMbbl upon completion of construction.
Moda also has obtained permits to construct additional crude oil storage capacity at both MIEC and the Moda Taft Terminal and is discussing further expansions with customers.
As the leading crude export facility in the United States, MIEC has direct connectivity to approximately 2.5 MMbbl/d of Permian and Eagle Ford crude supply from four long-haul pipelines. Two of these pipelines, the Gray Oak Pipeline and the EPIC Crude Oil Pipeline, recently commenced full service. In addition, MIEC will be able to receive deliveries from Harvest Midstream Co.’s Ingleside Pipeline, which is currently under construction and is expected to be placed into service later this year.
“I want to thank each and every member of the Moda team for their hard work and dedication in completing this expansion during the novel coronavirus pandemic as their efforts are critically important to our industry, our region and our country,” McCall said. “A special thanks also goes to our construction partners for the impressive job they did in completing the expansion safely and in accordance with our high standards.”
Recommended Reading
AI Advancing Underwater, Reducing Human Risk
2024-03-25 - Experts at CERAWeek by S&P Global detail the changes AI has made in the subsea robotics space while reducing the amount of human effort and safety hazards offshore.
Oil States’ ACTIVEHub for Digitized Assets
2024-03-14 - Oil States Energy Services’ new ACTIVEHub system and ACTIVELatch help operators remotely monitor and automate frac locations for a more efficient and safer wellsite.
Tech Trends: AI Increasing Data Center Demand for Energy
2024-04-16 - In this month’s Tech Trends, new technologies equipped with artificial intelligence take the forefront, as they assist with safety and seismic fault detection. Also, independent contractor Stena Drilling begins upgrades for their Evolution drillship.
AI in Oil: Revolution’s Coming, but Tech Adoption Remains Tentative
2024-04-05 - CERAWeek experts say AI will disrupt oil and gas jobs while new opportunities will emerge as the industry braces for an AI-driven workflow transformation.
AI Poised to Break Out of its Oilfield Niche
2024-04-11 - At the AI in Oil & Gas Conference in Houston, experts talked up the benefits artificial intelligence can provide to the downstream, midstream and upstream sectors, while assuring the audience humans will still run the show.