Shell oil looking to sell Convent refinery, salt dome and facilities

Process to find buyer could take months

Thomas Perumean
July 08, 2020 - 10:14 pm
Shell oil looking to sell Convent refinery, salt dome

VanderWolf-Images/Getty Images

It appears Shell Oil is looking to find a buyer for their Convent refinery, the Sorrento Salt Dome, rights to the Bengal Pipeline and associated facilities like the truck terminal and marine docks connected to the property.    

"We have informed staff and local community leaders that we are assessing market interest for the potential divestment of the Shell Convent refinery in Louisiana," spokesman Curtis Smith told the Times-Picayune/New Orleans Advocate

Smith told the paper the process of finding a buyer for the properties could take months. 

"It’s important to keep in mind this process may or may not result in a finalized sale," Smith related to the paper. 

The move is part of Shell narrowing its focus of ownership to a core group of refineries in and around the Gulf with Houston and New Orleans remaining the headquarter cities.    

The refinery complex is over four-thousand acres sprawling across Ascension and St. James parishes between Baton Rouge and New Orleans. 

The 900 acre refinery employs some 1,100 workers employed by both Shell and as contract workers. 

The unit is capable of producing grades of gasoline, diesel fuel, aviation fuel, heating oil, propane, butane and oil for use in ships, generating electricity and locomotives. 

The facility can process upwards of 240-thousand barrels of crude oil per day. 

Convent refinery was opened more than 50-years ago as a Texaco property. 

Since 1998 it has been jointly owned by Shell, Texaco, and Saudi Aramco. 

Over time Shell came into full ownership after Texaco merged with Chevron and Saudi Aramco dropped out of the refinery in 2017. 

Comments ()