Companies Reach Pipeline Infrastructure Agreement in Canada

April 2017

Pembina Pipeline Corp. has entered into a 20-year infrastructure development and service agreement with Chevron Canada Ltd.

The agreement includes an area of dedication by Chevron, in excess of 230,000 acres, concentrated in the liquids-rich Kaybob region of the Duvernay resource play near Fox Creek, Alberta. Under the terms of the agreement and subject to Chevron sanctioning development in the region, Chevron has the right to require Pembina to construct, own and operate gas gathering pipelines and processing facilities, liquids stabilization facilities and other supporting infrastructure for the area of dedication, along with Pembina providing long-term service for Chevron on its pipelines and fractionation facilities.

The agreement is subject to Chevron and regulatory approvals.

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