An affiliate of Empire Midstream has acquired an oil pipeline system in the U.S. Gulf of Mexico from Pecten Midstream, a subsidiary of Shell Midstream Partners.
The Auger 12” pipeline is a 12-inch line that runs 33 miles from the Garden Banks 128 Platform A to a downstream subsea tie-in into the Eugene Island Pipeline System. The pipeline is currently shut in; however, Empire is planning to complete start-up operations and other transitional work, with a target date for first flow of Sept. 1, 2021.
“This targeted acquisition further expands our footprint of pipeline assets into the deep water of the Gulf of Mexico,” said Everard W. Marks III, founder of Empire Midstream. “The purchase of the pipeline is consistent with our long-term strategy of selectively growing our business while maintaining strong relationships with our upstream and downstream associates.”
Financial terms of the transaction were not disclosed.
