Enbridge and upstream partners at Hess Corp. are working to develop a pipeline from a Gulf of Mexico oil field. Enbridge said it will build, own and operate the $130 million system that will start in the deepwater Stampede project and end 16 miles away with a connection to a third-party pipeline system.
“This project is an attractive investment opportunity for Enbridge and we are pleased to be working with Hess and the other producers on this development,” Greg Harper, president of pipeline and processing systems for Enbridge, stated in a news release Jan. 13. Hess announced plans for Stampede in October.
Enbridge said it expects to carry up to 80,000 bopd from the project, located in the Green Canyon reserve area, 115 miles south of Louisiana. Total estimated recoverable reserves for Stampede are estimated at 300-350 mboe.
Hess plans to soon start drilingl up to six wells in the Stampede area. First production from the field, as well as pipeline operations from Enbridge is expected by 2018. Hess owns Stampede alongside its program partners Statoil, Nexen and Union Oil Co. of California.