An Enterprise Products Partners LP affiliate has signed a 10-year contract with Norway’s Statoil Marketing and Trading (U.S.) Inc. for import, storage, sale and export of natural gas liquids at its Mont Belvieu, TX facility. No financial details were disclosed, but contract terms include guaranteed annual minimum volumes, reservation of dock space, along with import, storage and export flexibility for the life of the contract. Enterprise will provide downstream services, including vessel loading and unloading, transportation, fractionation and storage.

The Medusa oil and natural gas facility in the deepwater Gulf of Mexico is expected to ramp up quickly to pre-Hurricane Katrina levels of 35,000 bbl/d and 35 MMcf/d, with third-party pipeline repairs now complete, said operator Murphy Oil Corp. Murphy operates the facility and owns a 60% stake; other stakeholders are AGIP (25%) and Callon (15%). The field, with reserves estimated at 140 MMboe, is located in 2,200 feet of water on Mississippi Canyon Blocks 538 and 582.

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