Williams Announces Deepwater Agreement at Salamanca
May 04 2022 - 4:15PM
Business Wire
Williams (NYSE: WMB) announced today that it has secured another
tieback to Discovery’s Keathley Canyon Connector (KCC) pipeline,
providing deepwater natural gas infrastructure services to operator
LLOG Exploration Offshore, L.L.C., for its new Salamanca
development in the Keathley Canyon area of the Gulf of Mexico. The
Salamanca platform will handle production from the Leon and Castile
fields and will be located 200 miles off the coast of Louisiana.
Initial production is expected in the second quarter of 2025.
Salamanca will be the third deepwater production tieback to the KCC
pipeline, which went into service in 2015 as a primary natural gas
corridor through the Central Gulf of Mexico, and fifth overall
tieback to the Discovery system over the past two years.
“Williams provides critical infrastructure to gather and
transport the Gulf of Mexico’s low carbon intensity natural gas for
U.S. consumption,” said Alan Armstrong, Williams president and
chief executive officer. “Our scale and connectivity in the Gulf of
Mexico provides a safe, seamless and efficient path to market,
allowing our customers to maximize the value of these important
deepwater resources.”
The 30-mile tieback to KCC is expected to be constructed, owned,
and operated by LLOG, an investment vehicle managed by ArcLight
Capital Partners, LLC, and other co-owners. KCC is part of the
Williams-operated Discovery system, which is jointly owned by
Williams (60%) and DCP Midstream, LP (40%). KCC transports rich
natural gas offshore to onshore gas processing at Discovery’s plant
in Larose, Louisiana, and natural gas liquids fractionation at
Discovery’s Paradis facility in Louisiana.
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. The Salamanca development marks
the seventh tieback to Williams’ deep water offshore assets over
the past two years.
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
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