Shell Midstream Acquires Interests in 3 Gulf of Mexico Pipelines
1/2/2017
Shell Midstream Partners acquired 10% interest in Proteus Oil Pipeline Company, 10% interest in Endymion Oil Pipeline Company and a 1% interest in Cleopatra Gas Gathering Company from BP for an undisclosed price.
Highlights of acquired pipeline interest:
- Proteus is a 71-mile crude oil pipeline with a 425,000 bpd capacity. The pipeline provides access to the Mississippi Canyon area of the Gulf of Mexico from the Thunder Horse and Thunder Hawk platform to the Proteus SP 89E Platform. Noble Energy’s Big Bend and Dantzler fields are tied back to the Thunder Hawk platform.
- Endymion is an 89-mile crude oil pipeline with a 425,000 bpd capacity. The pipeline provides access to the Mississippi Canyon area of the Gulf of Mexico. It is connected to LOOP Clovelly storage with access to multiple markets.
- Cleopatra is a 115-mile gas gathering pipeline in Southern Green Canyon, with access to Atwater Valley, Walker Ridge, and Lund areas in the Gulf of Mexico. Cleopatra is currently connected to the Holstein, Atlantis, Neptune, Shenzi and Mad Dog platforms. The system will transport new volumes from the Mad Dog 2 field once it comes online.
“This acquisition builds on our corridor pipeline strategy in the Gulf of Mexico,” said John Hollowell, CEO of Shell Midstream Partners. “Proteus also connects to the Thunder Horse platform, which is a key development field for BP and ExxonMobil.”
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