Happy Thursday!
Did anyone
happen to read Microsoft Start on October 3, 2024, they republished an
article from Seeking Alpha titled, “Enbridge to build $700M pipeline
project to service BP’s Kaskida oil hub”?
The article is on an announcement Enbridge made on October 3, 2024, on how they were going to develop and manage subsea pipelines of their own which will
connect BP’s Kaskida offshore platform to their crude oil and natural gas assets
which are in the Gulf of Mexico offshore from Louisiana. The proposed subsea Canyon Oil Pipeline System
(“Canyon Oil”) will be able to handle 200,000 barrels per day of crude oil, and
the line will start in Keathley Canyon where BP’s platform is stationed and it
will connect with Shell’s (Shell Pipeline Company LP) Green Canyon 19 platform,
and then from there will end in Louisiana.
The proposed subsea natural gas pipeline gathering system called “Canyon
Gas” will be able to handle 125M cubic feet per day, and it will join in the Enbridge’s
current Magnolia Gas Gathering Pipeline which connects to their Garden Banks
Gas Pipeline. The projects are expected
to start development in early 2025 with the completion expected in 2029, and
the price of the CAPEX is $700M. We wish
Enbridge luck on their current projects. If you would like to read more of the Seeking
Alpha’s article in Microsoft Start, please click the link: Enbridge to build $700M pipeline project to service BP's Kaskida oil hub (msn.com).
If you would
like help in looking into how to update your liquids terminal and pipelines or
see what is underneath your feet to help reduce your emissions, contact us via
email in the blog and check out our ESC's website for contact
information!
We hope you have a wonderful evening, and a great rest of
your week! Keep cool!
**Disclaimer: You may be charged a fee to read Microsoft
Start article. **