S-OIL Completes Construction of Second Crude Oil Offloading Facility

S-OIL 2nd Crude Oil Offloading Facility (SPM)

[Asia Economy Reporter Park So-yeon] S-OIL announced on the 3rd that the second crude oil unloading facility (#2 SPM) at its Ulsan plant has successfully started operations.

This facility plays a crucial role as the "lifeline of the refinery," by installing a fixed buoy in deep waters where large crude oil tankers can dock, and transporting crude oil to onshore storage tanks through pipelines.

It was installed offshore in front of Ulsan New Port, with a total investment of 172 billion KRW over approximately 2 years and 7 months of design and construction. New crude oil mooring facilities and 44-inch diameter subsea (3.7 km) and onshore (3 km) pipelines were established.

S-OIL had been using the existing crude oil buoy (#1 SPM) installed when the plant began operations in 1980, but as the plant expanded and crude oil processing capacity gradually increased, the construction of an additional buoy was pursued.

An S-OIL official stated, "With the operation of the second crude oil buoy, establishing multiple crude oil unloading facilities allows for more flexible responses to weather conditions, ensures stable crude oil supply even in emergencies, contributes to the normal operation of subsequent processes, and is expected to significantly reduce demurrage fees for crude oil tankers and emergency charter costs due to maritime weather."

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