Maximising value through adapting the infrastructure
Infrastructure Services – Oil
The Engagement:
Investment appraisals of revenue optimisation projects
The Client:
A marine bunker fuels terminal operator
The Challenge:
Are improvements possible with limited investments to service existing and new customers and thus improve revenues and utilisations?
Duration:
2 months
How Energex helped:
- Benchmarked the client’s asset against other storage operators in the region to identify areas of potential improvement
- Matched the capabilities and storage capacity required against the expected throughput from forecast product flows and bunker demand
- Assessed the potential for alternative marine fuels such as biofuels and methanol
- Generated a list of projects and assessed the commercial feasibility. Worked with technical advisors to look at costing and feasibility and therefore ranked the projects
Tangible Impact:
- Clearer understanding for the client in terms of where they are positioned versus their competitors and what specific changes are needed to remain competitive
- Impact of the energy transition on bunker fuels volumes on the client’s location and the core market is understood and the mitigation options are well articulated
- Identified that the addition of a barge berth would allow an anchor customer to win local bunker fuels market share and hence create an uplift in volumes and revenues for our client
- Identification of a number of ‘quick wins’ that involve maximising value from existing pipelines and tanks
- Around $15m of investment projects have been further developed by the project team after Energex identified these opportunities