Williams Announces Agreement on Deepwater Whale Project
August 04 2021 - 4:30PM
Business Wire
Williams (NYSE: WMB) announced today that it has reached an
agreement with Shell Offshore Inc. and Chevron U.S.A. Inc. to
provide offshore natural gas gathering and crude oil transportation
services as well as onshore natural gas processing services for the
Whale development located approximately 10 miles from the
Shell-operated Perdido host facility.
Williams plans to expand its existing Gulf of Mexico offshore
infrastructure via a 25-mile gas lateral pipeline build from the
Whale platform to the existing Perdido gas pipeline and a new
125-mile oil pipeline to the existing Williams-owned GA-A244
junction platform. The natural gas will be transported to Williams’
Markham gas processing plant located in Matagorda, TX. First
production is expected to come online in 2024.
“Our asset synergies in the Gulf of Mexico are second to none,
and we are pleased to strengthen our existing onshore and offshore
infrastructure to further serve the growing needs of deepwater
producers,” said Micheal Dunn, chief operating officer at Williams.
“The development of Whale expands Williams’ footprint in the Gulf
by contracting one of the largest discoveries in the past decade
and creating future connection opportunities for producers that
will capture the full value of these important deepwater
resources.”
Williams’ assets in the Gulf of Mexico offer producers the full
value chain of capabilities – including gathering, transmission,
processing, and fractionation. Williams owns and operates 3,500
miles of natural gas and oil gathering and transmission pipeline,
along with 1.8 billion cubic feet per day of cryogenic processing
capacity and 60,000 barrels per day of fractionation capacity that
span the Gulf of Mexico. The company has ownership in two floating
production platforms, multiple fixed leg utility platforms and
numerous other related facilities.
About Williams
Williams (NYSE: WMB) is committed to being the leader in
providing infrastructure that safely delivers natural gas products
to reliably fuel the clean energy economy. Headquartered in Tulsa,
Oklahoma, Williams is an industry-leading, investment grade C-Corp
with operations across the natural gas value chain including
gathering, processing, interstate transportation and storage of
natural gas and natural gas liquids. With major positions in top
U.S. supply basins, Williams connects the best supplies with the
growing demand for clean energy. Williams owns and operates more
than 30,000 miles of pipelines system wide – including Transco, the
nation’s largest volume and fastest growing pipeline – and handles
approximately 30 percent of the natural gas in the United States
that is used every day for clean-power generation, heating, and
industrial use.
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INVESTOR CONTACT: Danilo Juvane (918) 573-5075
Grace Scott (918) 573-1092
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