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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (8715)1/28/1998 10:44:00 PM
From: Arnie   of 15196
 
PIPELINES / NEB sets Public Hearing for Souris Valley Pipeline

CALGARY, Jan. 28 /CNW/ - The National Energy Board has set down for
public hearing an application by Souris Pipeline Limited (SVP) of Bismarck,
North Dakota, to construct and operate a carbon dioxide transmission pipeline
in southeastern Saskatchewan.

The hearing will begin on Monday, 4 May 1998 at a location in
Saskatchewan to be announced at a later date. Interventions are due by
Thursday, 26 February 1998.

The company is applying 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 will transport carbon dioxide from
the proposed Dakota Gasification Company Pipeline Project in North Dakota to
the existing Weyburn oil field.

SVP has signed an agreement with PanCanadian Petroleum Limited of
Calgary to provide 2.6 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.

In determining the scope of the environmental assessment required under
the Canadian Environmental Assessment Act (CEAA), the Board sought and
considered comments from the public and other government departments.

To obtain a copy of Hearing Order MH-1-98: Publications Officer
311 Sixth Avenue S.W.
Calgary, Alberta
T2P 3H2
(403) 299-3562

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