Gulf Coast Fractionators, a partnership between ConocoPhillips, Devon Energy and Targa Resources Partners, has planned to expand the capacity of its natural gas liquids fractionation facility located in Mont Belvieu, Texas.
The maximum gross fractionation capacity of the facility will be expanded by approximately 42% (43,000 barrels per day) to 145,000 barrels per day.
Targa Resources Partners owns a 38.8% interest in Gulf Coast Fractionators.
ConocoPhillips, as the operator, will manage the expansion project and existing operations are not expected to be disrupted during the construction phase.
The expansion is expected to be operational during the second quarter of 2012, subject to regulatory approvals.
The total capital expenditures of approximately $75m are expected to be significantly lower than a greenfield fractionation facility since the new capacity will be integrated with existing fractionation capacity, utilities, infrastructure and footprint already at Mont Belvieu.