Enbridge Inc. has entered into an agreement with Imperial Oil Resources Ventures Limited and ExxonMobil Canada Properties to provide for the transportation of blended bitumen from the Kearl project in the Athabasca Oil Sands region of northern Alberta to the Edmonton, Alberta area.
“Enbridge is pleased to have been selected by Imperial and ExxonMobil,” said Patrick D. Daniel, president and CEO of Enbridge Inc. “The location of the project is an excellent fit with Enbridge’s new and existing pipeline and terminal facilities and is expected to contribute continued earnings growth in 2012 and beyond.”
Daniel noted that the estimated cost of the pipelines and related facilities is subject to finalization of scope and detailed engineering, and regulatory approvals.
In other news, Fluor Corporation was awarded an engineering, procurement and construction (EPC) contract for infrastructure and off-lease facilities for the first phase of the Kearl oil sands project. The project is envisioned to be developed in three phases and could ultimately produce more than 300,000 bpd of bitumen. The first phase of the project is expected to begin production in late 2012.