Pembina Pipeline Expansion - Announcement TextHere is the text of the announcement that appeared in the National Post this past Tuesday. Enjoy.
'Pembina Pipeline Corp. says it's going ahead with a $115M expansion to its Peace Pipeline System northwest of Edmonton, which will initially deliver an additional 40,000 barrels per day to its Fox Creek Terminal. The project, called the Simonette Pipeline Expansion, will involve installing about 60 kilometres of new 16-inch pipeline, serving producers in the Montney and Duvernay shale formations. From Fox Creek, the resource will be able to access the Edmonton market on other planned Pembina pipelines. Once complete, Pembina will have three pipelines along the corridor that can segregate and ship various grades of crude oil, condensate and natural gas liquids.
Provided it receives the regulatory go ahead, Pembina said it expects to begin construction this winter and start up the new pipeline during the third quarter of 2014. Pembina also plans to install eight truck unloading risers at the Fox Creek Terminal in conjunction with the Simonette project. Those are expected to be up and running in the fourth quarter of this year. "The additional capacity provided by these expansions will help ensure our customers have timely access to markets as they continue to pursue their drilling and production plans," said chief operating officer Mike Dilger.'