Brooge Energy Limited, a midstream oil storage and service provider strategically located outside the Strait of Hormuz, adjacent to the Port of Fujairah in the United Arab Emirates through its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (BPGIC), announced that it has appointed MUC Oil & Gas Engineering Consultancy (MUC) to complete the basic design for a 180,000 bpd refinery and Front End Engineering Design (FEED) study for its planned Phase III oil storage terminals in Fujairah.
The studies, which are expected to be completed within three months, will develop all necessary technical definition, cost, and schedule estimates for the proposed Phase III facility. Brooge Energy believes that, upon completion, the Phase III facility can add an additional storage capacity ranging from 2,100,000 m3 up to 3,500,000 m3 of fuel oil, clean products, and crude oil. 3,500,000 m3 equates to approximately three and half times the size of its projected post-Phase II capacity of 1,000,585 m3. The Company also aims to include a refinery of up to 180,000 bpd. The layouts and refining capacity are expected to be finalized upon FEED Study completion.