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Enterprise Products Partners plans to expand the ME crude oil pipeline system for the third time

Posted by:Rain Time:2019.11.01 00:14

According to the Global Oil News Network reported on October 28, 2019, the goal of Enterprise Products Partners is to expand its Midland to Eko for the third time before the third quarter of 2020. The (ME) crude oil pipeline system will increase its daily crude oil capacity by 450,000 barrels, and the subsequent expansion of 450,000 barrels per day will allow Enterprise Products Partners to convert the Seminole pipeline into natural gas liquid (NGL)service.

Jim, CEO of Entrex Product Partner Company. In the third quarter earnings conference call, Teague said that if demand is supported, the fourth expansion of the Midland-Eco crude pipeline system may rise to 540,000 barrels per day.

Teague said that the Enterprise Products Partners company may re-convert the Midland to Eko-2 pipeline (formerly known as the Seminole pipeline) to NGL service, but he did not disclose the expected time.

Look at the mathematics of our crude oil system: Enterprise Products Partners companies can transport 1.3 million barrels of crude oil per day at optimal cost,” says Teague. “If the market needs more capacity, Enterprise Products Partners companies can increase production capacity to 1.8 million barrels per day with zero capital."

In the third quarter, Enterprise Products Partners companies delivered 2.3 million barrels of crude oil per day on an average basis, an increase of 21% over the same period last year.

In the third quarter of this year, Enterprise Products Partners company's daily crude oil exports in the Houston Channel and Port Beaumont, Texas jumped to 987,000 barrels, an increase of 56% over the same period last year.

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