Project Profile
Value: US$$527.5 million
Location: Alberta, Canada
Length: 1,400km
Capacity: 1.9 million barrels
The Cold Lake pipeline is located in Alberta, Canada. The pipeline transports blended bitumen from oil sands operations around Cold Lake, Alta., to major terminals in Edmonton and Hardisty in the southeast. It transported about 535,000 barrels per day in the 3Q of 2016 out of a total capacity of 1.9 million barrels. In 2016 Inter Pipeline entered into agreements with Canadian Natural Resources Limited to acquire 100% interest of the pipeline project. As part of the deal, Inter Pipeline will enter into a binding long-term take-or-pay agreement with Canadian Natural to transport diluent and bitumen blend for its Kirby North SAGD oil sands project. Inter Pipeline plans to build a US$125-million connection to the Kirby North project, which is expected to start up in 2020.
Operators:
Inter Pipeline: Operator with 100% interest