Williams Announces Gulfstar One Placed Into Service
November 17 2014 - 8:46AM
Business Wire
- Floating Production System Can Process
60,000 BPD and 132 MMcf/d of Production
- Executed Tieback Agreements to Serve
Gunflint Producers
Williams (NYSE: WMB) announced today that its proprietary
Gulfstar FPS™ (Floating Production System) has been placed into
service as Gulfstar One and is now providing oil and natural gas
handling for Hess Corporation, the operator of the Tubular Bells
field located in the eastern deepwater Gulf of Mexico and Chevron
U.S.A. Inc., Tubular Bells’ non-operating co-owner.
The floating production system is moored 135 miles southeast of
New Orleans in about 4,300 feet of water. It serves as a hub that
aggregates production and then combines production handling
services with oil and gas export pipeline services, which feed
Williams’ downstream oil and gas gathering and processing services
on the Gulf Coast.
Gulfstar’s base capacity is capable of processing up to 60,000
BPD and 132 MMCf/d with additional potential tieback capacity.
“I applaud our project team for their commitment to meet the
challenges that made Gulfstar One a success, while achieving
top-quartile safety performance,” said Evan Kirchen, vice president
of project execution, Williams’ Atlantic-Gulf operating area. “As
intended, Gulfstar’s innovative design is connecting energy
supplies with the best markets in North America. This project is
another great example of how Williams is serving our customers by
developing large-scale, complex midstream infrastructure projects
in a safe and responsible manner.”
In addition to anchor commitments from Hess and Chevron, in
December 2013 Gulfstar One LLC executed agreements with Gunflint
field owners Noble Energy, Inc., Ecopetrol America Inc., Marathon
Oil Company and Samson Offshore Mapleleaf LLC. The Gunflint tieback
is designed and engineered with modifications expected to be
completed after the Gulfstar project is completed.
Major components of Gulfstar One were built entirely in the
United States, creating approximately 7,000 direct and indirect
domestic jobs and allowing quick parts replacement and reduced
platform downtime. Gulf Marine Fabricators built the hull in
Ingleside, Texas, and Gulf Island Fabrication, Inc. constructed the
topsides in Houma, La.
Williams Partners (NYSE: WPZ) developed the project and it has a
51 percent ownership interest in Gulfstar One LLC and Marubeni
Corporation has a 49 percent interest. Williams owns controlling
interests in and is the general partner of Williams Partners.
About Williams, Williams Partners and Access Midstream
Partners
Williams, headquartered in Tulsa, Okla., is one of the leading
energy infrastructure companies in North America. It owns
controlling interests in both Williams Partners L.P. and Access
Midstream Partners, L.P. through its ownership of 100 percent of
the general partner of each partnership. Additionally, Williams
owns approximately 66 percent and 50 percent of the limited partner
units of Williams Partners L.P. and Access Midstream Partners,
L.P., respectively.
Williams Partners L.P. owns and operates both on-shore and
off-shore assets of approximately 15,000 miles of natural gas
gathering and transmission pipelines, 1,800 miles of NGL
transportation pipelines, an additional 11,000 miles of oil and gas
gathering pipelines and numerous other energy infrastructure
assets. The partnership's operated facilities have daily gas
gathering capacity of approximately 11 billion cubic feet,
processing capacity of approximately 7 billion cubic feet, NGL
production of more than 400,000 barrels per day and domestic
olefins production capacity of 1.95 billion pounds of ethylene and
114 million pounds of propylene per year.
Access Midstream Partners, L.P. owns and operates natural gas
midstream assets across nine states, with an average net throughput
of approximately 4.13 billion cubic feet per day and more than
6,773 miles of natural gas gathering pipelines. Headquartered in
Oklahoma City, the partnership's operations are focused on the
Barnett, Eagle Ford, Haynesville, Marcellus, Niobrara and Utica
Shales and the Mid-Continent region of the U.S.
For more information about Williams, Williams Partners and
Access Midstream Partners, visit www.williams.com,
www.williamslp.com and www.accessmidstream.com.
Portions of this document may constitute “forward-looking
statements” as defined by federal law. Although the company
believes any such statements are based on reasonable assumptions,
there is no assurance that actual outcomes will not be materially
different. Any such statements are made in reliance on the “safe
harbor” protections provided under the Private Securities Reform
Act of 1995. Additional information about issues that could lead to
material changes in performance is contained in the company’s
annual reports filed with the Securities and Exchange
Commission.
WilliamsMedia Contact:Tom Droege,
918-573-4034orInvestor Contacts:John Porter,
918-573-0797orSharna Reingold, 918-573-2078
Williams Partners (NYSE:WPZ)
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