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Article: Enbridge Announces US $500 Million Walker Ridge Gathering System for Ultra Deepwater Discoveries in Gulf of Mexico.
- Article from:
- Marketwire Canada
- Article date:
- July 29, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HOUSTON, TEXAS AND CALGARY, ALBERTA, Jul 29, 2009 (Marketwire via COMTEX) -- Enbridge Inc. (TSX:ENB) (NYSE:ENB) today announced it has entered into Letters of Intent with Chevron USA, Inc. which could result in the expansion of its central Gulf of Mexico offshore pipeline system. Under the terms of the LOI, Enbridge proposes to construct, own and operate the Walker Ridge Gathering System (WRGS) to provide natural gas gathering services to the potential Jack, St. Malo and Big Foot ultra deepwater developments. The estimated cost of the WRGS is approximately US $500 million, subject to finalization of scope and definitive cost estimates.
"The Gulf of Mexico has ...