Pembina Pipeline Corp. Calgary, telah menyelesaikan pipeline Horizon senilai 400 juta dolar, yang akan menyediakan 250,000 b/d dari kapasitas transportasi yang diresmikan untuk project oil sand Horizon, Canadian Natural Resources Ltd. Pengerjaan dimulai pada bulan November 2006.
Construction involved laying 73 km of new pipeline following twinning in 2004 of the original Alberta Oilsands pipeline (AOSPL)â€”now called the Syncrude pipeline)â€”which the company acquired in late 2001. it expanded the AOSPL capacity to 389,000 b/d of dedicated synthetic crude oil transportation capacity to Syncrude Canada Ltd. The following year, Pembina completed the 136,000 b/d Cheecham lateral.
Pembina spent over $600 million to expand its service offering in the Athabasca oil sands region and now has 775,000 b/d of fully contracted synthetic crude oil transportation capacity in three distinct pipelines serving customers in this region.
The Horizon pipeline will be operated under terms of a 25-year extendible transportation agreement providing Pembina a fixed return on invested capital and full recovery of operating costs. Pembina expects the Horizon pipeline to contribute incremental net operating income of $45 million/year over the 25-year contract term, beginning Aug. 1.