TransCanada Corp. announced that the Gulf Coast Project began delivering crude oil on behalf of our customers to Texas refineries. The completion of this crude oil pipeline provides a safe and direct connection between the important oil hub in Cushing, OK and delivery points on the U.S. Gulf Coast.
Construction of the 487-mile long, 36-inch diameter crude oil pipeline involved more than 11 million hours of labor completed by 4,844 workers in the U.S., more than 50 contracts with manufacturers and companies building the pipeline and equipment from across the U.S. It also includes the addition of 2.25 million barrels of new oil storage capacity at Cushing, OK.
The Gulf Coast Project was designed to help relieve the glut of crude oil in places like Cushing, OK and will transport growing supplies of U.S. supply to meet refinery demand. It provides Gulf Coast refineries with access to lower cost domestic production and reduces America’s reliance on foreign sources of crude oil. In addition, the standards that TransCanada adopted for the Gulf Coast Project have set a new bar for safety and design of modern crude oil pipelines. This includes a higher number of remotely controlled shutoff valves, increased pipeline inspections, increased standards for pipeline construction, maintenance and integrity, and burying the pipe deeper in the ground.
The Gulf Coast Project will have the initial capacity to transport up to 700,000 bpd with the potential to transport up to 830,000 bpd to Gulf Coast refineries. TransCanada is currently projecting pipeline capacity of 520,000 bpd for the first year of operation.