Caesar Oil Pipeline Company, LLC Announces Open Season.Energy Editors/Business Editors HOUSTON--(BUSINESS WIRE)--April 17, 2003 Caesar Oil Pipeline Company, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (Caesar) today announced an Open Season for parties interested in subscribing for capacity on its 28" diameter transportation system (Caesar System) which has been designed to transport 450 thousand barrels per day Barrels per day (abbreviated BPD, bbl/d, bpd, bd or b/d) is a measurement used to describe the amount of crude oil (measured in barrels) produced or consumed by an entity in one day. from deepwater leases in the Green Canyon, Walker Ridge and Atwater Valley areas of the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east to a shelf platform located at Ship Shoal Block 332. Caesar is owned 56% by Mardi Gras Mardi Gras (mär`dē grä), last day before the fasting season of Lent. It is the French name for Shrove Tuesday. Literally translated, the term means "fat Tuesday" and was so called because it represented the last opportunity for Transportation System Inc. (MGTSI), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of BP America Inc., 25% by BHP Billiton Petroleum (Deepwater) Inc., 15% by Shell Pipeline Company LP and 4% by Union Oil Company of California. MGTSI is the construction manager and operator of the Caesar System. The Open Season begins at 8:00 a.m. Central Daylight Time on April 14, 2003 and ends at 5:00 p.m. Central Daylight Time on May 14, 2003. During this period, Caesar will receive and consider expressions of interest for oil transportation service and will treat them as being received simultaneously. Details on the Open Season process shall be distributed to interested parties upon request by contacting Peter Edlund (MGTSI) at 281/366-5614. |
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