Kirkland & Ellis is advising Sentinel Midstream on Texas GulfLink, its proposed Deepwater Crude Oil Export Terminal located near Freeport, Texas and related midstream infrastructure project, which is being financed in partnership with Cresta Fund Management. The proposed project will include an onshore terminal with up to 18 million barrels of storage, an offshore 42-in. pipeline, and a manned offshore platform to facilitate port operations capable of fully loading Very Large Crude Carrier vessels at loading rates up to 85,000 barrels per hour, with a nominal capacity of 1.2 million barrels per day over the course of a calendar year.
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The Kirkland team is led by transactional partners Kevin Crews, Chad Smith and Sam Peca and associates Ben Hardison and Lindsey Jaquillard; and energy regulatory partner Bob Fleishman.