NEB approves Bakken Pipeline Project Canada

abarrelfullabarrelfull wrote on 23 Dec 2011 06:59
Tags: bakken canada enbridge oil pipeline

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In a decision issued today, the National Energy Board (NEB or the Board) announced its approval of the Bakken Pipeline Project Canada application submitted by Enbridge Bakken Pipeline Company Inc. (Enbridge Bakken), on behalf of Enbridge Bakken Pipeline Limited Partnership.

The Board determined that there is enough commercial interest to support the use of the Bakken Pipeline during its economic life. Enbridge Bakken successfully demonstrated that there will be sufficient oil supply markets for the projected production.

The Bakken Pipeline would connect to the Enbridge Pipelines Inc. (EPI) Mainline and would serve as a continuous, long-term source of supply to Eastern Canadian and US Midwest markets, thus maintaining the long-term competitiveness of refineries in those regions.

In its application, Enbridge Bakken requested approval to build and operate a 123.4 kilometre pipeline and a new pump station to transport crude oil from the Bakken and the Three Forks Formations in Montana and North Dakota to refinery markets in North America. With a starting point in Steelman, Saskatchewan, the pipeline will be linked to EPI’s Mainline in Cromer, Manitoba.

The Board has also given Enbridge Bakken approval to acquire and operate Line EX-02, which is currently owned by Enbridge Pipelines (Westspur) Inc.

With an expected in service date of early 2013, the capital cost for this project is estimated to reach approximately $180.1 million.

The NEB is an independent federal regulator of several parts of Canada's energy industry. Its purpose is to regulate pipelines, energy development and trade in the Canadian public interest.

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