Construction on $100M Alberta Oil Pipeline Will Be Start Soon

Inter Pipeline Ltd., said that its new $100-million crude oil pipeline project, Viking Connector will commence immediately. The pipeline will connect Inter Pipeline’s Throne Station on its Bow River pipeline system near Coronation to its Central Alberta pipeline system near Stettler.

Once the 47-mile (75-kilometer), eight-inch diameter Viking Connector project is completed, the company forecasts throughput volume of 10,000 to 15,000 barrels per day. The project is expected to be completed in the first half of 2020 and approximately one third of forecast shipments are currently secured for a 10-year term.

Inter Pipeline CEO Christian Bayle said in a statement that the new connection will provide economical access to the Edmonton market hub, which historically has been a premium market for Alberta light oil products. He added “Producers in the Alberta Viking and surrounding plays are currently limited to pipeline services to the Hardisty hub or costly trucking alternatives.”

Source:
pipelinenewsnorth