Enbridge extends open season for Bakken oil pipeline expansion program

Source: Enbridge Energy Partners

Enbridge Energy Partners (NYSE:EEP) and Enbridge Income Fund (TSX:ENF.UN) affiliates of Enbridge, Inc. (NYSE:ENB) are conducting a binding open season to provide shippers with the opportunity to make shipping commitments to the Bakken Pipeline Expansion Program, a series of projects to expand crude oil pipeline capacity in North Dakota and Saskatchewan. 

These proposed projects, known collectively as the "Bakken Expansion Program", will provide incremental capacity to meet the crude oil transportation needs of Williston Basin producers. As previously announced, EEP and ENF have sufficient long-term commitments from anchor shippers to allow the Bakken Expansion Program to proceed. At the request of other potential shippers, Enbridge is extending the open season to Nov. 30, 2010. 

"A number of customers have requested additional time to secure the necessary approvals to enable them to make a commitment. We welcome their participation and therefore are extending the open season to accommodate their requests." said Stephen J. Wuori, President, Liquids Pipelines, Enbridge Inc. 

Enbridge's proposed Bakken Expansion Program includes several separate yet complementary projects. 
When completed, this program will provide another 145,000 barrels per day (bpd) of incremental pipeline capacity from new receipt locations in the Bakken and Three Forks formations in North Dakota to interconnections with other existing Enbridge systems serving a broad number of refineries in North America. 

Enbridge has sufficient binding commitments to proceed with the Beaver Lodge Loop Project and the Enbridge Bakken Pipeline Projects (U.S. and Canada). Through the open season, shippers will have the opportunity to secure firm capacity on these two projects as well as commit to capacity on the SORTI and Dunn Projects. 

The binding Open Season began on Aug. 26, 2010, and will now close at 5 p.m. MT Tuesday, Nov. 30, 2010.

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