Port of Corpus Christi Commission gives nod to agreement for offshore deepwater port project December 17, 2020, by Jasmina Ovcina The Port of Corpus Christi Authority Commission has approved a lease agreement and related pipeline easement for the Bluewater Texas Terminals (BWTX) offshore deepwater port project — a 50/50 joint venture between Texas-based Phillips 66 and Trafigura Group. The proposed project will consist of up to two single point mooring (SPM) buoys located approximately 21 nautical miles from the entrance to the Corpus Christi Ship Channel. The BWTX project is currently in the permitting stage and is subject to final investment decision by the joint venture partners.