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Enbridge to build pipelines to service BP's Kaskida oil hub
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Enbridge to build pipelines to service BP's Kaskida oil hub
Oct 3, 2024 4:53 AM

Oct 3 (Reuters) - Enbridge ( ENB ) said on Thursday it

would build and operate crude oil and natural gas pipelines in

the U.S. Gulf of Mexico for the recently sanctioned Kaskida oil

hub, operated by BP.

The pipelines are expected to be operational by 2029 and

would cost $700 million, the Canadian firm said.

The crude oil pipeline would be called the Canyon Oil

Pipeline System, with a capacity of 200,000 barrels per day

(bpd).

The natural gas pipeline would be named Canyon Gathering

System with a capacity of 125 million cubic feet per day and

would connect subsea to Enbridge's ( ENB ) offshore existing Magnolia

Gas Gathering Pipeline.

BP's U.S. Gulf of Mexico output averaged 300,000 barrels of

oil and gas per day in 2023. The company said last year it was

targeting 400,000 bpd by 2030.

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