Enbridge, ExxonMobil to Jointly Assess Midwest-Gulf Coast Oil Pipeline
Enbridg Inc. and ExxonMobil Pipeline Co. have agreed to jointly assess the commercial development of a new pipeline project to transport crude oil from Patoka, Illinois, to Beaumont, Texas, and onward to Houston. The pipeline project would provide competitive and timely access for U.S. domestic and growing Canadian supplies of crude oil to be transported from the Patoka pipeline transportation hub to the U.S. Gulf Coast.
The two companies have been in discussions with potential shippers of Canadian crude about the scope, timing, and value of the project. Shipper interest and input will help guide the development of the project, which is targeted to be in service as soon as the end of 2010. A number of potential transportation solutions are being assessed and the specifics of the proposed project would be based on the final economics and shipper support.
"The capabilities and experience of the two companies lend strength to the proposal and will be complementary to Enbridge projects that are under development, including Southern Access Expansion and Southern Access Extension and Alberta Clipper," said Patrick D. Daniel, President and Chief Executive Officer, Enbridge Inc.
Enbridge Inc. is a leader in energy transportation and distribution in North America and internationally. As a transporter of energy, Enbridge operates, in Canada and the United States, the world's longest crude oil and liquids pipeline system. The Company also has international operations and a growing involvement in the natural gas transmission and midstream businesses. As a distributor of energy, Enbridge owns and operates Canada's largest natural gas distribution company, and provides distribution services in Ontario, Quebec, New Brunswick and New York State. Enbridge employs approximately 5,000 people, primarily in Canada, the United States and South America.
ExxonMobil Pipeline Company, an affiliate company of Exxon Mobil Corporation, is engaged in transporting crude oil, refined petroleum products, liquefied petroleum gases, natural gas liquids, and chemical feedstocks in the United States and the Gulf of Mexico. It also has ownership interests in joint interest pipelines, and operates proprietary and joint venture distribution terminals in the U.S. The company is headquartered in Houston, TX, and operates in 20 states.
Operates 13 Offshore Rigs
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