MOSCOW (MRC) -- Pembina Pipeline Corporation ("Pembina" or "the Company") announced that it has placed approximately USD2.8 billion of integrated capital projects into service, including its Phase III pipeline expansion ("Phase III Expansion") and two connected major delivery points: the Company's third fractionator at Redwater ("RFS III") and its Canadian Diluent Hub ("CDH"), said the company on its website.
"At the outset of these projects, we committed to constructing large-scale, multiyear-build assets on time and on budget, and I'm proud to say that we've successfully delivered on that promise, with the overall portfolio coming in under budget by approximately 8 percent and either on time or ahead of schedule," said Mick Dilger, Pembina's President and Chief Executive Officer.
The Phase III Expansion, which is underpinned by long-term contracts with take-or-pay commitments, was placed into service on June 30, 2017 on time and under budget from the $2.44 billion expected capital. The entire Phase III Expansion program, which was initiated in 2013, included installing over 900 kilometres ("km") of new pipeline primarily along the Company's existing Peace and Northern system rights-of-way, as well as upgrading and adding new mainline pump stations. Initial work for the Phase III Expansion included debottlenecking segments of existing pipeline systems from Taylor, British Columbia to Gordondale, Alberta and adding a new pipeline from Wapiti to Fox Creek, Alberta to accommodate increased volumes upstream of Pembina's Fox Creek tie-in point. In support of handling the increased product, 420,000 barrels per day ("bpd") of incremental capacity was added in the Fox Creek to Namao corridor of Alberta through the construction of two pipelines: a 16 inch and a 24 inch diameter pipeline, each spanning approximately 290 km.
Calgary-based Pembina Pipeline Corporation is a leading transportation and midstream service provider that has been serving North America's energy industry for over 60 years. Pembina owns and operates an integrated system of pipelines that transport various products derived from natural gas and hydrocarbon liquids produced primarily in western Canada.
MRC