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.