The proposed Bakken Marketlink Project would provide the first direct link between the Bakken crude oil producing region in the Williston Basin and key US markets near Cushing, Oklahoma and the US Gulf Coast.
The project would provide Bakken producers with an alternative market access solution, using pipeline facilities that form part of TransCanada’s proposed Keystone Gulf Coast Expansion Project.
The open season follows a successful expression of interest phase, which was conducted earlier in 2010, and subsequent discussions with prospective shippers in the Bakken producing region.
The Bakken Marketlink Project is expected to help relieve exit pipeline capacity constraints and support expected growth from this key US producing region.
Following the completion of a successful open season, TransCanada intends to proceed with the necessary regulatory applications for approvals to construct and operate the required facilities, which are estimated to cost approximately $140m.
The Bakken Marketlink Project is expected to commence providing service in the first quarter of 2013.
