In June 2003, Unocal announced its intentions to build a $500 million deepwater crude Oil port, the Bulk Oil Offshore Transfer System (BOOTS) in the Gulf of Mexico 100 miles south of Beaumont, TX. The BOOTS system would have a capacity of 1.2 million bbl/d, and would be linked to refineries in Houston/Texas City, Beaumont/Port Arthur, and Lake Charles. As of October 2004, however, Unocal had placed BOOTS development on hold "pending receipt of sufficient volume commitments from Crude Oil import shippers."