Liberty Pipeline, a Phillips 66 and Bridger Pipeline 50/50 joint venture, are proceeding with construction of the $1.6 billion Liberty Pipeline.
The 24-inch pipeline will provide crude oil transportation service from the Rockies and Bakken production areas to Cushing, Oklahoma. From Cushing, shippers can access multiple Gulf Coast destinations, including Corpus Christi, Ingleside, and Houston, Texas.
Liberty is underpinned with long-term shipper volume commitments. Initial service on the pipeline is targeted to commence as early as the first quarter of 2021, subject to receipt of applicable permits and regulatory approvals.
“The Liberty Pipeline presents us with a great opportunity to serve producers in the growing Bakken and Rockies production areas,” said Greg Garland, chairman and CEO of Phillips 66. “The pipeline adds to our integrated infrastructure network that serves the key shale oil producing regions with connectivity to major Gulf Coast market centres. Our pipeline network has strategic alignment with our Central Corridor and Gulf Coast refineries, further enhancing value across our assets.”
“The Liberty Pipeline is an important undertaking on the part of our company to ensure that oil from Wyoming, the Rockies and the Bakken can get to markets in the U.S. and around the world,” said Hank True, President of Bridger Pipeline. “Our commitment to the Liberty Pipeline will give producers confidence to grow oil production in these important regions.”
Phillips 66 will lead project construction on behalf of the joint venture and will operate the pipeline. Where feasible, Liberty will utilise existing pipeline and utility corridors and advanced construction techniques to limit environmental and community impact.
For more information visit www.phillips66.com