17 September 2013 22:23 [Source: ICIS news]
HOUSTON (ICIS)--US Sunoco Logistics Partners has announced an open season for its Permian Express 2 pipeline, the company said on Tuesday.
The pipeline will originate in the Texas cities of Midland, Garden City and Colorado City. It will have 300-400 miles of new pipeline, depending on customer interest, and an initial capacity of 200,000 bbl/day of crude oil.
It should be operational by the second quarter of 2015, the company said. The open season starts on 18 September.
“We remain bullish on the Permian Basin’s growth. Crude oil production in this basin is projected to increase annually by approximately 200,000 bbl/day, according to latest industry and consultant estimates,” said chief executive Michael Hennigan. “We are proceeding with the open season to determine market interest to develop this project to provide critical takeaway capacity to help producers and refiners deliver Permian crude oil to key markets.”
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