NuStar and Velocity to develop Eagle Ford condensate pipeline
Wed, 29 June 2011
NuStar Logistics and Velocity Midstream Partners have signed a letter of intent to develop a 113 km, 12 inch diameter pipeline to transport west Eagle Ford Shale condensate from Velocity’s Gardendale hub to NuStar’s North Beach terminal facility in Corpus Christi, Texas.
Velocity will build and operate the pipeline, which will have the capacity to move over 100,000 bbl/d of condensate from Gardendale to Oakville, Texas.
The new pipeline will interconnect with NuStar’s new Oakville storage facility near Three Rivers, Texas. This storage facility will be connected to NuStar’s existing 16 inch diameter pipeline, which has the capacity to transport approximately 200,000 bbl/d of crude and condensate into NuStar’s Corpus Christi North Beach Terminal.
Velocity’s new pipeline and NuStar’s Three Rivers storage facility are expected to be in service by April 2012.
Image caption: A map of NuStar's pipeline operations.
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