ENCANA STARTS UP SECOND MONTNEY PLANT
Encana successfully started up the Sunrise processing plant on September 27, under budget and more than one month ahead of original schedule. Sunrise is the second of three processing plants that support Encana’s condensate-focused growth plan in the Montney. Located approximately 25 km northwest of Dawson Creek, British Columbia, the Sunrise Sweet Gas Plant will be the largest gas plant built in Western Canada in the past 30 years. In parallel with the Sunrise and Tower facilities ramping up, the third plant, Saturn remains ahead of schedule and is on track to start up before year-end. In addition, the Towerbirch lateral pipeline which connects all three plants to the NGTL system started up on October 1.
“Our ability to deliver complex projects ahead of schedule and under budget demonstrates the strength of our execution capabilities,” said Doug Suttles, Encana President and CEO. “The new processing and midstream infrastructure now in place firmly supports our growth plan in the Montney, which is a key driver to expanding our corporate margin and delivering quality returns.”
Encana’s innovative midstream agreement with Veresen Midstream enables Encana, via the Cutbank Ridge Partnership, to construct and operate the Tower, Sunrise and Saturn plants, as well as any future build opportunities, on behalf of Veresen Midstream on a contracted basis. Veresen Midstream funds and owns the facilities and Encana pays to use them through a fee-for-service agreement.
The Montney is a massive resource play that reaches across northwest Alberta and into northeast British Columbia. It is a model asset for applying the Encana method of development and optimization. Encana’s total net position in the play approaches 600,000 acres, and includes large contiguous core land positions in the most proven region of the fairway.
The play comprises decades of drilling inventory and generates competitive returns. Encana has a strong track record of reducing costs and improving recoveries in this play with economics further enhanced by a joint venture with a Mitsubishi Corporation Subsidiary.
(Source: Encana – Image: Sunrise plant / Copyright © Encana Corporation. All rights reserved)
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