ATCO Midstream and BP Canada enter processing joint venture

By the OGJ Online Staff

HOUSTON, May 18 -- ATCO Midstream and BP Canada Energy Co. entered a joint venture agreement to develop their Cranberry and Chinchaga gas gathering systems and plants in the Manning area of northern Alberta.

The joint venture improves processing services for producers by optimizing facilities and gathering systems as well as leveraging resources to achieve economies of scale, spokesmen from the two Calgary companies said.

BP Canada will provide operating resources and ATCO Midstream will be responsible for business development and third-party contracts.

ATCO Midstream is majority owner of the Cranberry gas processing plant while BP Canada is majority owner of the Chinchaga gas processing plant. Together, the plants have 125 MMcfd of sweet gas processing capacity.

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