Enterprise Products (EPD), Enbridge (ENB) Complete Reversal of Seaway Pipeline; 150K BPD Initially Expected

Enterprise Products Partners L.P. (NYSE: EPD) and Enbridge Inc. (NYSE: ENB) report that modifications to the Seaway crude oil pipeline allowing it to transport crude oil from Cushing, Oklahoma to the U.S. Gulf Coast have been completed.

The pipeline is in the process of being commissioned, and the first flows of crude oil into the line are expected to begin this weekend. The reversal of the 500-mile, 30-inch diameter pipeline, which had been in northbound service since 1995, provides North American producers with the infrastructure needed to access more than 4 million barrels per day of Gulf Coast refinery demand.

The reversal will initially provide 150,000 BPD of capacity, which is expected to increase to more than 400,000 BPD in the first quarter of 2013 with additional modifications and increased pumping capabilities.

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