Enterprise, Genesis complete oil pipeline in deepwater GoM

Enterprise Products Partners LP and Genesis Energy LP report that their jointly owned crude oil gathering pipeline serving the Lucius production area in southern Keathley Canyon of the Gulf of Mexico is now mechanically complete and it began earning revenues on July 1.

Jul 31st, 2014

Offshore staff

HOUSTONEnterprise Products Partners LP (NYSE:EPD) and Genesis Energy LP (NYSE:GEL) report that their jointly owned crude oil gathering pipeline serving the Lucius production area in southern Keathley Canyon of the Gulf of Mexico is now mechanically complete and that it began earning revenues on July 1.

Constructed and owned by Southeast Keathley Canyon Pipeline Co. LLC (SEKCO), a 50/50 joint venture between Enterprise and Genesis, the 149-mi (240-km), 18-in.-diameter pipeline connects the third-party-owned Lucius-truss spar floating production platform to an existing junction platform at South Marsh Island 205, which is part of the Enterprise-operated Poseidon pipeline system. Enterprise serves as operator of the SEKCO pipeline, which has a capacity of 115,000 b/d.

A producer group, led by operator Anadarko Petroleum Corp., is developing the Lucius production area, which is estimated to have resources of more than 300 MMboe. First production is expected during 2H 2014.

07/31/2014

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