Bangladesh is going to enter a new era of sustainable fuel management in deepsea as Prime Minister Sheikh Hasina is expected to open the Installation of Single Point Mooring (SPM) project here by this year.
“Prime Minister Sheikh Hasina will open the SPM project by this year to make the country’s energy management system more economical, sustainable, and environment friendly,” Project Officer Monjed Ali Shanto said.
SPM project heralds a new era of sustainable fuel management in Bangladesh
A 15-kilometer-long pipeline has already been installed from land up to deep sea to directly unload imported petroleum oil to the SPM, officials familiar with the process said.
Shanto said 95 percent works of the project have already been completed as its separate test run was done by now.
While briefing reporters at the site of the SPM project, he said it will take only 48 hours to offload the imported petroleum oil which earlier required 11 to 12 days by the conventional way.
No lighterage would be required to carry fuel from mother vessels (big ships), which are now moored at the outer quay, after the implementation of the project, he said.
The SPM was built on over 90 acres of land under a G2G project of Bangladesh and China at a cost of Taka 8341 crore at Maheshkhali Upazila in Cox’s Bazar.
“Once the SPM goes into operation, around Taka 800 crore will be saved annually by cutting carrying cost of petroleum products from outer anchorage to fuel tanks,” Shanto said, adding that it will also save time.
Officials familiar with the process said three tanks having a storage capacity of 1.80 lakh kilolitre crude oils and three tanks with a storage capacity of 1.08 lakh kilolitre furnished oil will be used in the process.
“It is impossible to offload petroleum oil through a literate operation using the current infrastructure and the process is very time-consuming, expensive, and risky,” the project officer said.
The SPM has the capacity of unloading 9 million metric tons every year.
A 120-kilometer pipeline was also built from the SPM project to Eastern Refinery Limited (EFL) to treat the crude oil.
The SPM has a storage capacity of 45,000 metric tons of crude oils.
As part of the project work, approximately 135 kilometers (km) of offshore pipeline and 58 km of onshore pipeline have already been installed.
During a visit to the project site, the BSS correspondent found that the SPM project is almost completed as the six storage tanks have already been installed.
Of the six, three tanks — with 60,000 kilolitre capacity each– will be able to store crude oil, and the rest with 36,000 kilolitre capacity each will be able to store diesel.
The Netherlands-based Blue Water completed the construction of SPM ‘Boya’ which is awaiting shipment to the project site.
The China Petroleum Pipeline Engineering Co Ltd. is currently building the country’s maiden SPM system.
The BPC currently pays $5.50 per ton to lighterage or small vessels, owned mainly by the Bangladesh Shipping Corporation, to ferry petroleum to its onshore tanks from larger mother vessels.
The SPM project will save the cost of the BPC.
Bangladesh annually imports around 6.0 million tonnes of crude and 1.3 million tonnes of refined oil.
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