US-based Plains All American Pipeline (PAA) has unveiled plans to construct the $330m Eagle Ford Infrastructure in Texas,US.
The infrastructure would cover the new 130-mile crude oil and condensate pipeline, a marine terminal facility and 1.5 million barrels of storage capacity.
The project aims at producing a capacity of approximately 300,000 barrels per day for which the company secured a long term agreement with Chesapeake Energy Marketing, a subsidiary of Chesapeake Energy Corporation.
Chesapeake Midstream Development will acquire up to a 25% joint ownership interest in the project, following an agreement with PAA.
In addition, Flint Hills Resources has executed a memorandum of understanding with PAA, regarding Flint Hills’ joint ownership in this project.
The pipelines would operate from the western region of the Eagle Ford play to Corpus Christi, TX and other Gulf Coast markets in Texas.
Project is expected to be in service by the fourth quarter of 2012.