Dateline 2012-01-13:
Earmarked as an up- and-coming oil storage hub for Asia, Johor’s Pengerang is expected to see a step up in activities this year, with Malaysian companies led by Petronas committed to investing tens of billions of ringgit there.
A RM5 billion (S$2.05 billion) independent deepwater petroleum terminal (IDPT) project by a Dialog- Royal Vopak joint venture has already gotten off the ground, 5 per cent of the first phase completed as at December.
It will deliver an initial 1.3 million cubic metres (cbm) of storage with seven vessel berths when commissioned in 2014. The IDPT will offer five million cbm storage when fully completed over 10 years.
An integrated specialist technical services provider in the oil and gas and petrochemicals industry, Dialog has a 60-year exclusive mandate to develop the IDPT by the Johor state government which also has a stake in the project. Petronas is expected to be the terminal’s main client.
Pengerang has distinct advantages as an IDPT because its 24-metre deepwater jetty facilities can accommodate VLCCs and ULCCs, allowing tankers to collect or deliver crude oil without a costly buoy mooring system.
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Posted by Wata 
Wata - Malaysian Oil and Gas Engineer 