Some of this has been reported previously, but if I understand this correctly, what was once a sole EPD project, Enbridge has now been brought on.
Posted elsewhere:
December 10, 2019: from Rigzone --
Enbridge Inc. and Enterprise Products Partners L.P. have agreed to
jointly develop and market a deepwater offshore crude oil export
terminal capable of fully loading very large crude carrier (VLCC)
vessels, Enbridge reported Monday, December 9, 2019.
The companies have signed a letter of intent under which they will
finalize an equity participation agreement granting Enbridge an option
to purchase an ownership interest in Enterprise’s Sea Port Oil Terminal
(SPOT) if SPOT receives a deepwater port license.
Enterprise also noted the SPOT project would comprise onshore and
offshore facilities including a fixed platform approximately 30 nautical
miles off the Brazoria County, Texas, coast in approximately 115 feet
of water. The company added that SPOT would be designed to load VLCCs at
rates of approximately 85,000 barrels per hour – equating to
approximately 2 million barrels per day.
Enbridge’s involvement in SPOT will help the
company provide its North American light and heavy crude customers with
access to the Houston-area refining market and growing global demand.
That last paragraph is why this gets a stand-alone post: this is an important development for the Bakken.
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