Gulf Coast Fractionators expanding its natural gas liquids fractionation facility
Gulf Coast Fractionators, a partnership among ConocoPhillips, Devon Energy Corp. and Targa Resources Partners LP announced plans to expand the capacity of its natural gas liquids fractionation facility located in Mont Belvieu, Texas. The maximum gross fractionation capacity of the facility will be expanded by approximately 42% (43,000 bpd) to 145,000 bpd.
ConocoPhillips, as the operator, will manage the expansion project and existing operations are not expected to be disrupted during the construction phase. The expansion is expected to be operational during the second quarter of 2012, subject to regulatory approvals. The total capital expenditures of approximately $75 million are expected to be significantly lower than a greenfield fractionation facility since the new capacity will be integrated with existing fractionation capacity, utilities, infrastructure and footprint already at Mont Belvieu.
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