Aster to add 1.3 million barrels of crude storage in Singapore

Its new platform includes up to 4.3 million cubic metres of tank capacity.

Aster will increase available crude oil storage capacity in Singapore by more than 1.3 million barrels as part of the launch of Aster Port & Terminals (APT), a new storage and logistics business.

The company has awarded contracts to Overseas Technical Engineering and Construction Pte. Ltd., a wholly owned subsidiary of DIALOG Group Berhad, and PEC Pte. Ltd. to rejuvenate crude oil storage tanks at Pulau Bukom.

The project is APT’s first major investment. APT will bring Aster’s marine, terminal, and storage infrastructure in Singapore into a commercial platform serving Aster and third-party customers.

The infrastructure includes 13 marine wharves across Pulau Bukom and Pulau Ular, up to 4.3 million cubic metres of tank storage capacity, and a single buoy mooring capable of receiving very large crude carriers carrying up to two million barrels of oil.

The launch builds on more than 60 years of terminal operations at Bukom.

“The launch of Aster Port & Terminals is an important step in building Aster into a broader, integrated energy platform,” said Andre Khor, Deputy CEO of Aster.

APT selected PEC and DIALOG for their experience in tankage and terminal infrastructure, Aster said.

PEC has specialised in plant and terminal engineering in Singapore since 1982, whilst DIALOG owns and operates midstream terminals across the region.

Both companies will carry out the tank rejuvenation works alongside live refinery and marine operations.