Pembina Pipeline provides update on Phase V pipeline expansion
Pembina Pipeline is adding additional infrastructure and increasing operational flexibilities to its previously announced Phase V pipeline expansion in order to accommodate incremental volume commitments from customers. The company is also revising its capital cost estimate for Phase V by an additional $135M for a total capital cost of $385M. Since Phase V was originally announced in April, Pembina has secured approximately 30,000 barrels per day in additional volume commitments. Through the Phase V project enhancements, the pipeline capacity will be increased by an incremental 45,000 barrels per day upstream of Laglace, Alberta. Phase V is aimed at addressing capacity constraints between Lator and Fox Creek and supporting future growth in the Montney and Deep Basin resource plays. Clearing and access to the right-of-way is now 90% complete with construction expected to commence shortly. The company continues to anticipate bringing Phase V into service in late-2018.