Enbridge Plans Pipeline For Kearl Project In Alberta

Enbridge Inc. has entered into an agreement with Imperial Oil Resources Ventures Limited and ExxonMobil Canada Properties to provide for the transportation of blended bitumen from the Kearl project in the Athabasca Oil Sands region of northern Alberta to the Edmonton, Alberta area.

“Enbridge is pleased to have been selected by Imperial and ExxonMobil,” said Patrick D. Daniel, president and CEO of Enbridge Inc. “The location of the project is an excellent fit with Enbridge’s new and existing pipeline and terminal facilities and is expected to contribute continued earnings growth in 2012 and beyond.”

Daniel noted that the estimated cost of the pipelines and related facilities is subject to finalization of scope and detailed engineering, and regulatory approvals.