Enbridge Optimizes Regional Oil Sands Infrastructure Expansions

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Go back to Enbridge Optimizes Regional Oil Sands Infrastructure Expansions

Enbridge (ENB) Announces Plans to Optimize Regional Oil Sands System Expansion

March 6, 2015 6:40 AM EST

Enbridge (NYSE: ENB) announced plans to optimize a previously announced expansion of its Regional Oil Sands System. The optimization, which has been agreed to with affected shippers, will involve capital cost savings of $0.4 billion in aggregate and lower tolls for the shippers, while maintaining attractive returns on the capital to be invested.

Projects involved in the optimization include the Athabasca Twin Project and the Wood Buffalo Extension Project. Following the optimization and finalization of scope and definitive cost estimates for the projects, Enbridge's commercially secured... More