TransCanada plans $1.7 billion oil pipeline

By OGJ editors
HOUSTON, Feb. 11 -- TransCanada Corp., Calgary, is planning a $1.7 billion oil pipeline project to transport 400,000 b/d of heavy crude from its oil hub at Hardisty, Alta., to Wood River and Patoka, Ill.

The 1,870-mile Keystone pipeline system would involve construction of 1,000 miles of new 30-in. pipeline in North Dakota, South Dakota, Iowa, Missouri, and Illinois in the US; 100 miles of new 30-in. pipeline in Alberta and Manitoba, Canada; conversion of about 770 miles of TransCanada's existing 30-in. and 34-in. Alberta and Mainline natural gas transmission systems in Alberta, Saskatchewan, and Manitoba; and 15 pumping stations on the US line.

The Keystone system would accommodate anticipated growth in Canadian crude oil production during the next decade, the company said. Much of the oil will originate from oil sands and other projects in northern Alberta. TransCanada has received support for the project from a number of oil producers and refiners, and preliminary discussions have begun with other stakeholders, including communities, government representatives, and landowners along the proposed route.

TransCanada said it would continue to meet with industry groups to gauge additional support for the project with the view of calling for an industry-wide "open season" later this year, after which regulatory applications would be filed in the fall or winter. Anticipated in-service date for the Keystone system is put at 2008-09.

TransCanada's remaining gas pipeline network, which exceeds 25,000 miles of pipelines, will continue to transport most of western Canada's natural gas to eastern Canada and the US through its mainline system, which comprises a corridor of 4-7 pipelines having an annual capacity of 7-7.5 bcf of gas. Those lines currently transport 5 bcf/year.

Related Articles

Statoil’s oil sands production saw slight decline in 2013

04/08/2014 Statoil ASA reported a slight decrease in its oil sands production in 2013 because of a planned multiweek plant shutdown for facility maintenance a...

Oil-price patterns—1: Oil prices reflect uneven growth rates of global demand and supply

04/07/2014

The price of oil rose from below $30/bbl to more than $145/bbl (all in money of the day) between 2004 and 2008. This was unprecedented.

Shell starts crude oil exports from Iraq’s Majnoon field

04/07/2014 Royal Dutch Shell PLC has exported its first shipment of crude from Iraq’s Majnoon field after surpassing its initial commercial production target....

Talisman aims to divest Timor Sea assets

04/07/2014 Talisman Energy Inc., Calgary, has placed its Timor Sea production interests up for sale in a move to exit the Kitan and Laminaria-Corallina oil fi...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected