Vopak Singapore wins underground storage contract

logo_vopakJTC Corporation announced signing a 15-year operatorship contract with Banyan Caverns Storage Services Pte Ltd, a consortium formed by Vopak Terminals Singapore (45%), Geostock SAS (35%) and Jurong Consultants Pte Ltd (20%) for the first phase of Jurong Rock Caverns (JRC) in Jurong Island, Singapore. Vopak is honored to have been awarded, together with its partners, the operatorship of the JRC. The fees associated with the services to be provided will have a limited positive impact on Vopak’s 2014 financial results. The Jurong Rock Caverns are South-East Asia’s first underground oil storage facility (Vopak).

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