Magellan Midstream Partners and LBC Tank Terminals are expanding the infrastructure of Seabrook Logistics by increasing its crude oil and condensate storage and pipeline assets in the Houston gulf coast area. Seabrook is a jointly–owned subsidiary of Magellan and LBC.
Seabrook is constructing 1.7 million barrels of additional crude oil and condensate storage adjacent to LBC’s existing terminal in Seabrook, Texas. In addition, Seabrook Logistics is connecting its facility to Magellan’s Houston crude oil distribution system by constructing a 24-inch diameter bi-directional pipeline between the Seabrook Logistics’ facility and Genoa Junction and investing in a new Aframax dock with up to a 45-foot draft.
Seabrook Logistics could construct another 3 million barrels of storage, a second 24-inch diameter pipeline between the Seabrook Logistics’ facility and Magellan’s Houston crude oil distribution system and a second Aframax ship dock, which may be expanded to a Suezmax-capable ship dock, if market demand warrants such expansion.
The expansion is currently estimated to cost $250 million and be operational during mid-2018.