Enbridge Selects Contractors and Initiates Construction Activities for $250 Million Hardisty Terminal Expansion

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Researched by Industrial Info Resources (Sugar Land, Texas). Enbridge Incorporated (NYSE:ENB)(Calgary, Alberta) has begun construction activities to expand a crude oil storage capacity at the Hardisty crude oil storage terminal in Alberta. Enbridge has awarded the engineering contract to Stantec Incorporated (Edmonton, Alberta) and awarded TIW Plate Work (Edmonton, Alberta) as the general contractor. Enbridge began site clearing and civil work on the expansion project in January 2007 and intends to begin major construction work on the project in April or May 2007, following the winter thaw.

The scope of the $250 million expansion project involves the construction of nineteen to twenty new crude oil storage tanks. Six of these tanks will have a storage capacity of 530,000 barrels and the remaining storage tanks will have a capacity to store 250,000 barrels of crude oil. Enbridge will expand support facilities such as pumping and piping, in addition to adding the new tanks.

Enbridge expects to have the Hardisty expansion project completed and in-service by the forth quarter of 2008. There is early talk of two further expansions to the Hardisty crude oil terminal. These two further expansions could involve the construction of an additional 40 storage tanks. These additional storage tanks would follow in size with respect to the tanks to be constructed during the present expansion phase. Enbridge is expanding the Hardisty facility to take advantage of the increased bitumen production and bitumen upgrading projects in the region. It is predicted that bitumen production and export from the oil sands rich regions of Alberta will increase by 400,000 to 500,000 barrels per year until at least 2012.

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