Scottsdale, AZ - Northern Explorations Ltd. recently announced further details of its natural gas pipeline and gas processing plant acquisition.
Norex Energy recently announced that the Company will acquire petroleum related assets in Alberta, Canada that include a 49% interest in a natural gas processing and compression facility; natural gas pipeline, additional infrastructure and certain lands associated to the infrastructure. This project has been found to have the potential to contain over 8 BCF of natural gas. The Company also has the option to obtain the remaining 51% interest from the owner over a two-year period.
The most significant component to the acquisition and overall project development will entail the gas processing plant which was originally constructed in 2004. The plant is capable of processing sour gas by a regenerative solution, as well as sweet gas compression, gas metering and water storage. The facility is a strategic key element to the downstream production of gas from the pipeline.
Norex also acquires a network of 5, six-inch natural gas pipelines that connect to a major trunk line operated by Encana and that extend out towards three gas wells ready for tie-in. The final permitting application process and licensing of the plant will be completed shortly, allowing Norex to put the project on line and to commence production. Further details will be announced as they become available.
SOURCE: Norex Energy