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Capline pipeline owners to launch open season

Published by
World Pipelines,


The owners of the Capline pipeline system intend to conduct a binding open season in January 2019 for a reversed Capline system, which would transport crude oil from origination points near Patoka, Illinois, and Collierville, Tennessee, to the US Gulf Coast. The owners – including Plains Pipeline, L.P., BP Oil Pipeline Company, and Marathon Petroleum Corporation – previously conducted a non-binding open season for a reversed Capline system in the 4Q17, which generated shipper interest.

Phase I reversal engineering studies have been completed. Subject to the results of the binding open season and regulatory approvals, crude oil service is expected to commence in the 3Q20.

About MPC

Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system with more than 3 million bpd of crude oil capacity across 16 refineries. MPC's marketing system includes branded locations across the US, including Marathon brand retail outlets. Speedway LLC, an MPC subsidiary, owns and operates retail convenience stores across the United States. MPC also owns the general partner and majority limited partner interests in two midstream companies, MPLX LP and Andeavor Logistics LP, which own and operate gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure.

About MPLX LP

MPLX operates the Capline pipeline system on behalf of the owners. MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets, and provides fuels distribution services. MPLX's assets include a network of crude oil and refined product pipelines; an inland marine business; light-product terminals; storage caverns; refinery tanks, docks, loading racks, and associated piping; and crude and light-product marine terminals. The company also owns crude oil and natural gas gathering systems and pipelines as well as natural gas and NGL processing and fractionation facilities in key US supply basins.

Read the article online at: https://www.worldpipelines.com/business-news/03012019/capline-pipeline-owners-to-launch-open-season/

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This article has been tagged under the following:

US pipeline news Crude oil pipeline news