Midstream - Pipelines | Oil Sands
Inter Pipeline Inks Major Oil Sands Transportation Deal
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Inter Pipeline Fund has entered into binding agreements to provide bitumen blend and diluent transportation services to three major oil sands projects owned by the FCCL Partnership, a business venture between Cenovus Energy and ConocoPhillips.
Inter Pipeline first announced plans to integrate and expand its Cold Lake and Polaris pipeline systems on July 31, 2012.
Inter Pipeline's development plans include providing 500,000 barrels per day (b/d) of committed bitumen blend capacity and 350,000 b/d of diluent capacity to FCCL through the construction of approximately 840 kilometres of new pipeline and seven new pump stations. These facilities will provide transportation service to existing FCCL projects at Foster Creek and Christina Lake, as well as the Narrows Lake project which is under…
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