Pembina Pipeline Income Fund Completes Horizon Pipeline.
International Resource News-4 July 2008-Pembina Pipeline Income Fund Completes Horizon Pipeline(C)2008 ENPublishing - http://www.enpublishing.co.uk
International Resource News - 04 July 2008(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk
Pembina Pipeline Income Fund (TSX: PIF.UN), a Canada-based fund that is focused on energy infrastructure, has announced a successful completion of the Horizon Pipeline of its subsidiary Pembina Pipeline Corporation (Pembina).
The Horizon Pipeline project has been completed at a cost of CDD400m on July 1, 2008. The Horizon Pipeline will provide 250,000 bpd of dedicated transportation capacity to Canadian Natural Resources Limited's (CNRL) Horizon Oil Sands Project.
The fund project manager, Glen Fyfe, said, 'The Horizon Pipeline is the largest pipeline project ever undertaken by Pembina and we are proud to have completed it on schedule. Since expansion of AOSPL began in 2002, Pembina has achieved a total of over 2.5 million man hours of work without a lost time safety incident. Pembina would like to thank, and to congratulate, all of the designers, suppliers, contractors and other stakeholder groups involved with the successful execution of these projects during a period of unprecedented construction challenges in the Fort McMurray to Edmonton corridor.'
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