Puma Energy Opens One of World's Largest Offshore Fuelling Facilities

PR60236

LUANDA, Angola, Apr. 22 /PRN=KYODO JBN/ --

    - Strategic CBM Fuelling Hub for Africa

    Puma Energy, the globally integrated midstream and downstream energy

company, today opened one of the world's largest conventional buoy mooring

systems ("CBM") in Luanda Bay, Angola. The fuel loading buoy anchored offshore

serves as a strategic mooring point for Africa and it will allow a wide range

of carriers to berth while loading or offloading oil product.

    (Photo: http://photos.prnewswire.com/prnh/20150421/740352-a )

    (Photo: http://photos.prnewswire.com/prnh/20150421/740352-b )

    The new CBM is located next to Puma Energy's Fishing Port Terminal in

Luanda Bay, which is currently being extended and will have a total storage

capacity of 276,000m3. The CBM meets Oil Companies International Marine Forum

("OCIMF") standards and can accommodate vessels up to 225,000 Dead Weight Tons

("DWT") with a draft restriction of 19.3m. It has bi-directional flow and a

nominal product transfer rate of 4,000 m3 per hour on both lines. The mooring

buoys are fitted with navigational aids to assist with effective, safer and

environmentally friendly tanker loading and berthing.

    Puma Energy applied its extensive infrastructure experience to construct

this state-of-the-art facility, the result of which will make Angola's Fishing

Port Terminal a key site securing the supply of energy to and from Angola and

Africa during a period of high demand for energy products.

    Pierre Eladari, CEO for Puma Energy said: "We constantly assess new and

strategic infrastructure investment opportunities which help us provide safe,

reliable and cost effective supply, storage and distribution solutions to our

customers. This new CBM facility in Luanda provides security of supply to and

from Angola as well as Africa."

    The CBM is part of Angola's long term strategic objective to improve the

country's infrastructure endowment. Improved efficiency at the Port of Luanda

will help Angola's economy to remain amongst the fastest growing in Africa.

    Puma Energy entered Angola in 2004 as a partner for Sonangol, Angola's

National Oil Company, in its strategic ambition to invest, redevelop and

liberalise its downstream oil industry. Currently Puma Energy operates four

businesses in Angola: Pumangol Retail - Petrol Station network; Pumangol B2B -

direct seller of fuels to the industry; Pumangol Bunkering - bunkering of

vessels and AngoBetumens - bitumen storage and distribution.

    Puma Energy has built lasting vital infrastructure across all 18 provinces

in Angola, including bulk storage facilities, a retail network programme of

approximately 71 sites across the country and created thousands of jobs.

SOURCE: Puma Energy