Williams WMB announced today that the company has signed a new
long-term gas processing agreement with a producer in the Canadian oil sands.
Under the new long-term agreement, Williams will extract, transport,
fractionate, own and market the natural gas liquids (NGLs) and olefins
recovered from the offgas at the oil sands producer's upgrader near Fort
McMurray, Alberta. Under the agreement, the NGL/olefins recovered are expected
to be approximately 12,000 barrels per day (bpd) by mid-2015 and growing to
approximately 15,000 bpd by 2018.
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