White Owl acquires Clairmont terminal in Canada
CALGARY — White Owl Energy Services Ltd. announced the acquisition of the Pembina Pipeline connected Clairmont terminal in the Grande Prairie area of Alberta.
White Owl has concurrently entered into a long-term strategic agreement with Trafigura Canada General Partnership whereby Trafigura will provide crude oil marketing services for the terminal. White Owl remains the owner and licensed operator of the plant and together with Trafigura, the parties will assess expansion opportunities for the facility.
The first phase of the Terminal expansion includes certain piping modifications to allow more flexibility in transferring and treating fluids while at the same time White Owl will be making the capital improvements needed to increase Class 2 water disposal capacity.
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