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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (12810)10/14/1998 5:11:00 PM
From: SofaSpud   of 15196
 
PIPELINES / NEB Approves Souris Valley Pipeline Application

CALGARY, Oct. 14 /CNW/ - The National Energy Board has approved an
application by Souris Valley Pipeline Limited (SVP) of Bismarck, North Dakota,
to construct and operate a carbon dioxide transmission pipeline in
southeastern Saskatchewan.
The decision follows a public hearing held in Regina, Saskatchewan on 4
May 1998.
The company applied to construct and operate a 61 kilometre (38 mile)
pipeline extending from a point at the international boundary approximately 25
kilometres (16 miles) southwest of Estevan, Saskatchewan to a terminus
approximately 3.2 kilometres (two miles) northeast of Goodwater, Saskatchewan.
The 324 millimetre (12.75 inch) pipeline is planned to transport carbon
dioxide from the proposed Dakota Gasification Company (DGC) CO2 Pipeline
Project in North Dakota to the existing Weyburn oil field.
DGC has signed an agreement with PanCanadian Petroleum Limited of Calgary
to provide 2.7 million cubic metres (95 million cubic feet) of carbon dioxide
per day to the Weyburn oil field near Goodwater, commencing December 1999.
The carbon dioxide will be used for implementation of the Weyburn Miscible
Flood Project, a separate downstream project expected to extend the life of
the existing oilfield by 25 years.
The company estimates the capital cost of the project to be $13.67
million.

For a copy of Reasons for Decision MH-1-98: Publications Officer
Library
444 Seventh Avenue S.W.
Calgary, Alberta
T2P 0X8
(403) 299-3562

This news release is also available on the Board's internet site at
www.neb.gc.ca

-30-
For further information: Ross Hicks, Public Affairs Officer, (403)
299-3930

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