Crimson Midstream and MPLX Announce Extension of Binding Open Season for Swordfish Pipeline

Posted: November 29, 2018 | Press Release

LONG BEACH, California, Nov. 29, 2018 – Since the Swordfish Pipeline binding open season was announced on Oct. 17 by Crimson Midstream, LLC and MPLX LP (NYSE: MPLX), the Louisiana Offshore Oil Port LLC (LOOP) terminal facility in Clovelly, Louisiana reports that customer requests concerning its deepwater port export capabilities have risen sharply. In addition, LOOP has stated that the number of vessels loaded can be scaled to meet increasing market demand. To allow prospective shippers sufficient time to evaluate this new information and to account for the holiday season, Crimson and MPLX today announced an extension to a binding open season to continue to assess interest and solicit commitments from prospective shippers for transportation service on the Swordfish Pipeline.

The binding open season which began at 8 a.m. CDT on Oct. 17, 2018, will now conclude at noon CST on Jan. 31, 2019.

The Swordfish Pipeline is being jointly developed by Crimson and MPLX to provide connectivity from existing terminal facilities in St. James, Louisiana, and Raceland, Louisiana, to LOOP. The proposed pipeline would be a multi-diameter batched system with the ability to transport up to 600,000 barrels of crude oil per day and provide shippers with access to storage services, vessel loading, as well as connectivity to other carriers at the Clovelly Hub. The in-service date for the Swordfish Pipeline is anticipated to be in the first half of 2020.

About Swordfish Pipeline
The proposed Swordfish Pipeline would originate from terminal facilities in St. James, Louisiana, and Raceland, Louisiana, and provide service to the Clovelly Hub. Storage and further transportation services to end markets would be facilitated through the Clovelly Hub and connecting carriers. Pending shipper interest and final construction of the project, the Swordfish Pipeline is expected to be a multi-diameter (16”, 20” and 30”) batched system with the ability to transport various levels of capacity, from approximately 170,000 to 600,000 barrels of crude oil per day based on market demands. The completion of the Swordfish Pipeline will have minimal impact on current shippers on the Crimson system, as their ability to access the St. James and local refining markets will be maintained.

Open Season Process
Documents and further details related to the binding open season will be made available upon completion of a confidentiality agreement, available at:

http://www.crimsonmidstream.com/shipper-information
http://www.mplx.com/St_James_to_Clovelly_Binding_Open_Season/

All interested shippers should submit an executed confidentiality agreement to: Will Airhart
Attorney
539 South Main Street, Room 887-M
Findlay, OH 45840
Direct: 419-421-4561
Email: [email protected]