An additional 900,000 barrels of storage capacity will be added to Gibson Energy’s Hardisty West Terminal, the company has announced.
The expansion of the four-year-old terminal in Hardisty, Alberta, will support Suncor Energy’s growth plans in oil sands operations.
The terminal, developed as a joint venture with Suncor in 2011, involved the construction of four storage tanks with a total capacity of 1.2 million barrels. The expansion will increase total storage capacity by 75% to 2.1 million barrels.
The new storage capacity is expected to come on stream by the middle of 2017.
Doug Wilkins, chief commercial officer, says: ‘We are delighted that Suncor has once again selected Gibsons as a business partner to provide solutions for their crude oil terminaling and market access requirements.
‘Gibsons will be constructing new storage tanks on both our east and west acreage at Hardisty which, upon completion, will result in a total of 8.9 million barrels of capacity.’
As previously reported in April, the terminal operator announced plans to construct 900,000 barrels of crude oil storage capacity spread across two tanks. The company said at the time that an agreement for its 500,000 barrel tank had been reached with Teck Resources Limited.