ATCO Midstream & SaskEnergy Expand Gas Processing in SE Saskatchewan
15 Marzo 2010 - 2:00PM
Marketwired
ATCO Midstream and SaskEnergy Inc. today announced the completion
of an expansion project at the Kisbey Gas Plant in southeastern
Saskatchewan that will benefit both the environment and
Saskatchewan's economy.
The $44 million project, funded jointly by SaskEnergy's Bayhurst
Energy Services Corporation (BESCO) and ATCO Midstream, triples the
capacity of the Kisbey Gas Plant to five million cubic feet of gas
per day. It also extends the current gathering system at the plant,
which was purchased by the two companies under a joint venture
agreement in 2007.
"SaskEnergy's 50 years of natural gas experience contributed to
this project, which will benefit our province, our economy and the
environment," said Ken Cheveldayoff, Minister Responsible for
SaskEnergy. "It is an excellent example of how the Saskatchewan
Government is working to grow investment through Crown and private
sector partnerships."
Increased oil production in the area created additional gas
volumes that were being flared to the atmosphere. The expansion
captures excess gas volumes, reducing greenhouse gas emissions
while providing an added revenue stream back to oil producers. At
its new capacity, the Kisbey Gas Plant is capable of removing as
much as 131,000 tonnes of Greenhouse Gases (GHGs) from the
atmosphere each year. That's equivalent to the emissions produced
by more than 20,000 homes.
"The expansion of the Kisbey plant and gathering system provides
a higher level of service to our customers, while at the same time
conserving and upgrading a non-renewable energy source," said Kevin
Cumming, President of ATCO Midstream. "It speaks to our ongoing
commitment to the environment and provides ATCO Midstream with the
opportunity to grow our business in the Kisbey area where we
continue to operate in a safe and environmentally responsible
manner."
ATCO Midstream is part of the ATCO Group of companies. ATCO
Group, with more than 7,500 employees and assets of approximately
$10.0 billion, delivers service excellence and innovative business
solutions worldwide with leading companies engaged in Utilities
(pipelines, natural gas and electricity transmission and
distribution), Energy (power generation, natural gas gathering,
processing, storage and liquids extraction), Structures &
Logistics (manufacturing, logistics and noise abatement) and
Technologies (business systems solutions). More information on ATCO
Midstream can be found at www.atcomidstream.com.
SaskEnergy Incorporated, a Crown Corporation, has been providing
natural gas distribution, transmission and storage services to
Saskatchewan for more than half a century. SaskEnergy delivers the
benefits of safe, convenient and environmentally friendly natural
gas to more than 347,000 residential, farm, commercial and
industrial customers through its 80,000 kilometre distribution and
transmission pipeline network. For more information about the
company, visit SaskEnergy's website at: www.saskenergy.com.
Forward-Looking Information:
Certain statements contained in this news release may constitute
forward-looking information. Forward-looking information is often,
but not always, identified by the use of words such as
"anticipate", "plan", "estimate", "expect", "may", "will",
"intend", "should", and similar expressions. Forward-looking
information involves known and unknown risks, uncertainties and
other factors that may cause actual results or events to differ
materially from those anticipated in such forward-looking
information. The Corporation believes that the expectations
reflected in the forward-looking information are reasonable, but no
assurance can be given that these expectations will prove to be
correct and such forward-looking information should not be unduly
relied upon. Any forward-looking information contained in this news
release represents the Corporation's expectations as of the date
hereof, and is subject to change after such date. The Corporation
disclaims any intention or obligation to update or revise any
forward-looking information whether as a result of new information,
future events or otherwise, except as required by applicable
securities legislation.
Contacts: ATCO Midstream Kevin Cumming President 403-513-3715
www.atcomidstream.com SaskEnergy Dave Burdeniuk Manager,
Communications 306-777-9842 or Cell: 306-535-6569
dburdeniuk@saskenergy.com www.saskenergy.com
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