Mobil markets Flowline System and Burns Terminal to third parties.DALLAS--(BUSINESS WIRE)--April 9, 1997--In a decided departure from past practices, Mobil Pipe Line Company is marketing the Eugene Island Flowline System and Burns Terminal to third-party companies, with the intent of reaching potential offshore participants in 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 area. With many of the major oil companies moving into ever-deeper waters, the strategy is to position the system's capabilities with the needs of independents or other participants, who are adjusting to changes in the markets, ownership and sources of supply, occurring over the last year. The Flowline System, with its 24-hour dock and terminal, also consists of an offshore pipeline with total capacity of 50,000 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. . The Eugene Island Flowline System is an undivided-interest pipeline, operated by Mobil Eugene Island Pipe Line Company. The barge loading facility and dock are located on the Intracoastal Canal in St. Mary Parish, 15 miles west of Morgan City, Louisiana Morgan City (previously known as Brashear) is a city in St. Mary Parish, Louisiana, United States. [1] [2] The population was 12,703 at the 2000 census. Morgan City is home to the Louisiana Shrimp and Petroleum Festival. . One of the key assets associated with the system is the well- known Burns Terminal, located between East Cote Blanche Bay and Atchafalaya Bay on the Gulf Coast, with its onshore connection for injection into Burns Terminal tankage tankage made from heat-digested animal abattoir residues without gut contents, hide, horn, hoof. Concentrated and dried and possessing a high biological value protein content of 60%. See also meat meal. from the Texaco Pipeline Company via a 10-inch line, originating from Erath, Louisiana. Currently, the delivery point for crude going to Burns Terminal is the barge dock on the Intracoastal Canal. "The Eugene Island Flowline System utilizes a market-driven quality bank, based on the operator's crude oil postings. All injections are currently sweet crude and therefore, no sulfur corrections are necessary. We welcome other Gulf of Mexico companies to join our efficient operations," said James F. Sullivan, Manager, Joint Venture Crude Pipelines for Mobil Pipe Line Company. The Eugene Island Flowline System has direct platform connections to Eugene Island platforms 51, 105, 126, 128 and 129, and indirect connections to seven other platforms. Other connections include the Sleeping Turtle and Transco pipelines. The flowline system crosses the Norcen pipeline, the Bonito bonito: see mackerel. bonito Swift, predaceous schooling fishes (genus Sarda) of the mackerel family (Scombridae). Bonitos, found worldwide, have a striped back and silvery belly and grow to about 30 in. (75 cm) long. pipeline and the Tarpon tarpon (tär`pŏn), common name for members of the family Elopidae, large herringlike game fish of the warm seas of the Western Hemisphere, ranging occasionally from Long Island to Brazil and to the west coast of Africa and entering freshwater pipeline system. Mobil (NYSE NYSE See: New York Stock Exchange : MOB) is a leading oil, natural gas and petrochemical company with operations in more than 125 countries. CONTACT: Mobil Pipe Line Company James F. Sullivan, Jr. or Randy R. Irvin, 214/658-2262 |
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