More oil and gas investment is coming to the Grande Prairie area. Pembina Pipeline says it is investing another $120 million into pipelines and other infrastructure in the Wapiti Region near the city and northeastern B.C.
“Pembina’s base business is performing well,” says Senior Vice President and Chief Financial Officer Scott Burrows. “We are seeing increased throughput on our conventional pipelines and fractionators, strong results from the assets acquired previously from Veresen and higher marketing revenues due to widening frac spreads.”
Among construction plans are a new 12-inch, 30-kilometre pipeline to move condensate from a facility owned by another company in the Pipestone Montney region to Pembina’s Peace pipeline. On top of that, there are plans for a 16-inch pipeline from LaGlace to Wapiti, and a 20-inch pipeline from Kakwa to Lator. That phase is expected to be up and running in the second half of 2019.
“Our strategic position in the liquids-rich areas of the Alberta and B.C. Montney continues to provide opportunities for us to expand,” adds Vice President of Conventional Pipelines John de la Mare.
Pembina’s northeast B.C. pipeline went into service last October, connecting that part of the Montney region to the Edmonton area.