Blueknight Energy Partners LP has announced that it is extending the binding open season for its Oklahoma Condensate Pipeline until 18 December.
“We have received strong interest from current customers and positive feedback from prospective customers regarding our new condensate pipeline project,” said Mark Hurley, BKEP's CEO. “Our decision to extend the open season was made to give potential customers sufficient time to complete the review and approval process.”
BKEP plans to convert a portion of its existing Oklahoma Mainline System to meet growing demand for dedicated condensate service. The pipeline, which will start in Maysville, Okla., and terminate at the BKEP Cushing Oil Terminal, will primarily serve the SCOOP and STACK shale plays. The system initially will be designed to move a single co-mingled condensate grade crude oil but if there is sufficient customer demand, a second grade of condensate could also be transported.
The project is to be completed by 3Q16.
BKEP’s Cushing Oil Terminal provides shippers and producers direct access to several key connecting terminals and refiners.
“We are seeing growing demand for a dedicated condensate pipeline out of the promising SCOOP and STACK shale plays into the Cushing market. By converting an existing pipeline we can quickly and efficiently complete this project to meet the increasing demand from producers and shippers for condensate service and provide the connectivity to move this high grade crude to the best market,” added Hurley.
Edited from press release by Angharad Lock
Read the article online at: https://www.worldpipelines.com/business-news/01122015/blueknight-extends-open-season-for-oklahoma-condensate-pipeline-550/