Enterprise Products receives deepwater port license for Spot Project

Enterprise Products Partners announced that it has received the deepwater port license for the Sea Port Oil Terminal, SPOT, from the United States Maritime Administration, an agency within the federal Department of Transportation. The license enables Enterprise to move forward to the next step in developing the offshore terminal capable of loading 2 million barrels per day of crude oil. “I would like to congratulate the entire Enterprise team, which demonstrated outstanding technical skills, dedication and perseverance over the past five years, allowing us to receive this license,” said A.J. “Jim” Teague, co-chief executive officer of Enterprise’s general partner. “With U.S. exports of crude oil at 4 million BPD, SPOT offers a more environmentally friendly, safe, efficient and cost-effective way to deliver crude oil to global markets. The receipt of the license is the most significant milestone to date in the development and commercialization of SPOT.”