Canadian energy major Enbridge will expand tank capacity at an Edmonton, Alberta, terminal by 1 million barrels to handle rising oil-sands production.
The project will cost about CA$260 million (184.4 million) and is scheduled for completion by late 2012. The expansion of the facility, currently capable of holding about 4.6 million barrels, will include building four tanks and installing a short segment of pipeline and related infrastructure.
Construction is expected to begin in 2011, subject to regulatory approval. An initial phase is scheduled to be in service in Q3 2012, followed by a second phase by the end of that year.
These additional tanks will help ensure the necessary infrastructure is in place to accommodate increased oil volumes anticipated in 2012, Stephen Wuori, an executive VP at Enbridge, says.