Enbridge to swap 50,000 b/d of Bakken for WCS to ease Alberta's
Enbridge to swap 50,000 b/d of Bakken for WCS to ease Alberta's oil woes
"Enbridge's plan to swap 50,000 of North Dakota's Bakken barrels with Western Canadian barrels on its Mainline by mid-2019, after coming to an agreement with one of the shippers on the line, furthered strengthened Western Canadian crude prices."
Replacing Bakken with WCS would provide some incremental relief ahead of the start-up of Enbridge's Line 3 Replacement Project. Line fill on the Canadian part of the line, which runs from Edmonton, Alberta, to Superior, Wisconsin, will begin in July 2019, with US operations starting up in November 2019.
When fully operational, Line 3 will add 370,000 b/d of pipeline takeaway capacity for Western Canada's oil producers, buckling under oversupply and weak prices.
"Following completion of the Line 3 replacement, Mainline capacity will be restored to approximately 3.225 million b/d, 3 million of which can serve our extensive refining markets in the US, Monaco said."
"Enbridge is also looking at reversing the Southern Lights diluent pipeline to carry 150,000 b/d of crude from Canada to Patoka, Illinois."
https://www.spglobal.com/platts/en/market-insights/latest-news/oil/121218-enbridge-to-swap-50000-b-d-of-bakken-for-wcs-to-ease-albertas-oil-woes
"Enbridge's plan to swap 50,000 of North Dakota's Bakken barrels with Western Canadian barrels on its Mainline by mid-2019, after coming to an agreement with one of the shippers on the line, furthered strengthened Western Canadian crude prices."
Replacing Bakken with WCS would provide some incremental relief ahead of the start-up of Enbridge's Line 3 Replacement Project. Line fill on the Canadian part of the line, which runs from Edmonton, Alberta, to Superior, Wisconsin, will begin in July 2019, with US operations starting up in November 2019.
When fully operational, Line 3 will add 370,000 b/d of pipeline takeaway capacity for Western Canada's oil producers, buckling under oversupply and weak prices.
"Following completion of the Line 3 replacement, Mainline capacity will be restored to approximately 3.225 million b/d, 3 million of which can serve our extensive refining markets in the US, Monaco said."
"Enbridge is also looking at reversing the Southern Lights diluent pipeline to carry 150,000 b/d of crude from Canada to Patoka, Illinois."
https://www.spglobal.com/platts/en/market-insights/latest-news/oil/121218-enbridge-to-swap-50000-b-d-of-bakken-for-wcs-to-ease-albertas-oil-woes