St Helena Government is pleased to announce the finalisation of the Fuel Management Contract between SHG and GreyStar Europe to operate the new Bulk Fuel Installation (BFI) in Rupert’s Valley.
The agreement, drawn up by SHG, DfID and Advisors Faithful & Gould, commits GreyStar to provide fuel services for St Helena for 10 years after the commencement of Airport operations.
Engineering Company GreyStar Europe, part of a group of companies Penspen Ltd, is an international specialist in facilities management in the oil, gas, power and utility sectors.
Working with Solomons, GreyStar will operate the new BFI and Airport Fuel Facility, and manage the provision of both aviation and ground fuels to international standards. They will operate and maintain the facilities for the duration of the term, working closely with SHG.
Deputy Airport Project Director Clare Harris said:
“Provision of aviation fuel is, of course, a critical component of the Airport project. The appointment of GreyStar will ensure that St Helena has the skills and capacity to refuel aircraft at the commencement of air services. GreyStar, working with Solomons, will also assume management of the Island’s ground fuels. This is expected to deliver better fuel security and minimise costs through economies of scale.
“We look forward to welcoming the GreyStar team to St Helena for preparatory work to ensure that everything is in place once all of the new facilities, under construction by Basil Read, are completed.”
The pricing of both aviation and ground fuels will remain the responsibility of SHG and the process will be similar to that currently followed, including financial modelling on the price of fuels.
Head of GreyStar, Robert Lawson added:
“We are delighted to have finalised the Fuel Management Contract with St Helena Government and look forward to working in partnership with them over the coming years. Phil Bloomfield, our Head of Operations, has already started mobilisation work.
“We are now establishing our supply chain, and appointing key people to deliver this contract. Another key priority is to place orders for airside refuelling vehicles which have a long lead time. We are also keen to get key team members to St Helena at the earliest opportunity.”
9 September 2014