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Whitecap Resources Inc T.WCP

Alternate Symbol(s):  SPGYF

Whitecap Resources Inc. is an oil-weighted growth company. The Company is engaged in the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its core areas include the West Division and East Division. Its West Division is comprised of three regions: Smoky, Kaybob and Peace River Arch (PRA). The properties in its Smoky region include Kakwa and Resthaven, all located in Northwest Alberta. The primary reservoir being developed is the Montney resource play, mainly comprised of condensate-rich natural gas. Kaybob is located in the Fox Creek region of Northwest Alberta. The primary reservoir being developed is the Duvernay resource play, mainly comprised of condensate-rich natural gas. The PRA is its original asset area. Its East Division is comprised of four regions: Central AB, West Sask, East Sask and Weyburn. Its Central Alberta region represents the bulk of its Cardium and liquids-rich Mannville assets.


TSX:WCP - Post by User

Post by barneyj44on Nov 28, 2023 8:25pm
240 Views
Post# 35757658

Coastal Gaslink Pipeline Mechanically complete

Coastal Gaslink Pipeline Mechanically complete

VANCOUVER — The Coastal GasLink pipeline that stretches across northern B.C. is mechanically complete ahead of the company's year-end deadline.

A statement from TC Energy Corp. says history has been made by finishing Canada's first pipeline to the West Coast in over 70 years.

The company announced in October that the installation of the pipe was finished, while mechanical completion means the end of construction, successful hydrotesting of the full 670-kilometre line and engineering reviews.

The statement says Coastal GasLink's team is in the field getting ready to deliver gas to the LNG Canada processing and export facility in Kitimat, on B.C.'s northern coast.

It says that while construction crews have been packing up, reclamation work still needs to be finished and some of the workforce will return next spring.

Planning for the pipeline began a decade ago and the project has been delayed by protests, including train blockades by First Nations across the country.

The pipeline was originally estimated to cost $6.2 billion, but that climbed to $14.5 billion in the most recent price tag released by TC Energy earlier this year.

This report by The Canadian Press was first published Nov. 28, 2023.

The Canadian Press

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