Centurion Pipeline L.P. launches binding open season for Augustus Pipeline
Published by Aimee Knight,
Centurion Pipeline L.P. (Centurion) has announced that has launched a binding open season to solicit shipper commitments for a proposed crude oil pipeline from Midland, Texas to Crane, Texas (US). The Augustus Pipeline will connect Centurion's existing Midland Terminal, which currently has approximately 2 million bbls of storage capacity, to multiple long-haul pipelines originating at Crane.
The project will include a combination of new and existing pipeline assets and will have an initial throughput capacity of approximately 150 000 bpd. The pipeline is expected to be in service in the 4Q20.
The binding open season will commence on Tuesday 5 November 2019 at 8:00 am Central Time, and is scheduled to conclude at 5:00 pm Central Time on Monday 9 December 2019.
Open season information
The binding open season process provides potential shippers with the opportunity to obtain capacity on the Augustus Pipeline.
About Centurion Pipeline L.P.
Centurion Pipeline L.P. is a crude oil pipeline operator that owns and operates approximately 3000 miles of pipeline extending from southeast New Mexico across the Permian Basin of West Texas to Cushing, Oklahoma. With a significant crude oil storage facility in Midland, Texas that has the capability to store approximately 2 million bbls of multiple qualities of crude oil, the company is well positioned to accommodate customer demand. Centurion is a wholly owned subsidiary of Lotus Midstream, LLC.
Read the article online at: https://www.worldpipelines.com/business-news/05112019/centurion-pipeline-launches-binding-open-season-for-augustus-pipeline/
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