Tuesday, August 4, 2009

Chevron, Enbridge plan $500 million ultra-deep “growth pipeline”

Calgary-based Enbridge Inc. and California-based Chevron have announced plans to build a $500 million pipeline gathering system in the Gulf of Mexico.
A letter of intent was announced July 30 for the offshore pipeline.
Under terms, Enbridge will construct, own and operate the Walker Ridge Gathering System and provide gas-gathering services for the potential Chevron’s Big Foot, Jack and St. Malo ultra-deepwater developments in the Gulf.
Walker Ridge gathering will boost the economics of Enbridge's Manta Ray and Nautilus offshore pipeline while forming a “strategic base for future growth opportunities in the ultra-deep Gulf of Mexico,” according to the joint news release.
The new network could see 100 million cubic feet of gas per day travel the 300 kilometers of 8-inch,10-inch or 12-inch diameter pipeline laid at 2,000-meter water depths.

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