Midstream energy company Gibson Energy is to expand its Hardisty Terminal in Alberta, Canada, and will begin with the construction of two oil storage tanks.
With a total capacity of 800,000 bbls of storage, these two tanks ‘will form the initial anchor for an expansion of the facility’. Site preparation for the two 400,000 bbl tanks is scheduled to start by the end of this year, with commissioning expected for early 2014.
The new tanks will be connected to third party receipt pipelines and facilities and will have connectivity to all current export pipelines from Hardisty.
‘This initial development on our eastern lands at Hardisty Terminal starts to take advantage of the company’s strategic 184-acre undeveloped land position in the area,’ says Rick Wise, Gibson’s senior VP of operations. ‘We expect continued growth at our Hardisty Terminal as oil sands and conventional oil production continue to develop at an accelerated pace.’
In similar news, Gibson has signed a letter of intent with a unit train developer to explore unit train shipments from the Hardisty area. The proposed facility would use Canadian Pacific’s North Main Line for transporting crude by rail to markets across North America.