Blueknight Energy Partners LP, a midstream energy company providing integrated services for companies engaged in the production, distribution and marketing of crude oil, asphalt and other petroleum products, has announced it is conducting an open season for an Oklahoma Condensate Pipeline.
Blueknight intends to convert a portion of its existing Oklahoma Mainline System to meet growing demand for dedicated condensate service. The pipeline, which will originate in Maysville, Okla., and terminate at Blueknight’s 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. However, with sufficient customer demand, a second grade of condensate could also be transported.
Blueknight’s Cushing Oil Terminal provides shippers and producers direct access to several key connecting terminals, refiners, as well as the important Gulf Coast market. The project is expected to be completed in the third quarter of 2016.
"We are seeing growing demand for a dedicated condensate pipeline out of the promising SCOOP and STACK shale plays into the Cushing market. Strong interest from our existing customers and positive feedback from prospective customers toward this project point to a successful open season. Since we are 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," said Mark Hurley, BKEP's chief executive officer.
The binding open season started on 1 November and will run through 30 November.
Edited from press release by Angharad Lock
Read the article online at: https://www.worldpipelines.com/project-news/03112015/blueknight-announces-open-season-for-oklahoma-condensate-pipeline-1533/