(The following is a reformatted version of a press release
issued by BP and received via e-mail. The release was confirmed
by the sender.)Please find attached a press release that was issued in the US
BP STARTS UP NEW CRUDE UNIT AT WHITING REFINERY
Commissioning of new, state-of-the-art distillation unit marks major
milestone in refinery upgrading project designed to unlock $1 billion in
future operating cash flow
BP announced today that it has completed commissioning and start-up of
its new 250,000 barrel-per-day crude distillation unit at the Whiting
Refinery, marking a major milestone in the multi-billion dollar upgrade
of the facility in Northwest Indiana.
"The safe start-up of this large, sophisticated crude processing unit at
the Whiting Refinery has returned the refinery to its nameplate
processing capability of 413,000 barrels per day -- initially of mostly
light, sweet crude -- and paved the way for the remaining upgrades to
the plant to be brought on-line," said Iain Conn, chief executive of
BP's refining and marketing segment. "When the new coking and
hydrotreating units are commissioned and operating at full rates in the
second half of this year, the reconfigured refinery will have the
flexibility to greatly increase heavy, sour crude processing, delivering
an expected incremental $1 billion of operating cash flow per year,
depending on market conditions."
Construction of the Whiting Refinery upgrade project is more than 95
percent complete. BP expects to commission a new 105,000 barrel-per-day
gasoil hydrotreater, a large 102,000 barrel-per-day coker and other
associated units in the second half of 2013. When all of the new
equipment is in full operation, the refinery will have the ability to
significantly increase heavy, sour crude processing to roughly 80
percent of its overall crude run.
"The Whiting Refinery project is at the heart of our U.S. fuels strategy
to operate sophisticated, feedstock-advantaged refineries tied to strong
logistics and fuels markets," Conn added. "This world class refinery is
in the right location and will soon be running the right equipment to
process growing supplies of North American crude oil, including oil from
The multi-billion dollar investment in the refinery is the largest
private sector investment in Indiana history and also includes several
hundred million dollars in state-of-the-art environmental controls for
water treatment and air emissions, according to Whiting Refinery manager
"Our investment in Whiting's future shows BP's commitment to creating
jobs in America and safely providing energy," Spencer said.
Spencer also credited the 1,900 Whiting employees and large contractor
workforce for safely reaching today's important milestone in the
"We've employed more than 10,000 skilled craftspeople here at Whiting
the past few years preparing for this important moment," Spencer added.
"We've focused on safe execution and earlier this year logged more than
40 million man-hours without an injury resulting in a day away from
work. Our focus now is to continue this standard of safety performance
through to the completion of the project later this year and for years
About BP in the US:
BP has invested more in the United States over the last five years than
any other oil and gas company. With more than $55 billion in capital
spending between 2008 and 2012, BP invests more in the U.S. than in any
other country. The company is the nation's second largest producer of
oil and gas, a major oil refiner and a leader in alternative energy
sources. With 20,000 U.S. employees, BP supports nearly a quarter of a
million domestic jobs through its business activities. For more
information, visit www.bp.com.
Press spacebar to pause and continue. Press esc to stop.