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Bridger's Canada to Wyoming crude line is estimated at $2 billion and can produce up to 1 million barrels per day

According to the latest details released by Bridger Pipeline, the proposed 'project' to transport Canadian crude oil from the U.S. Canada border to Wyoming would cost about $2 billion. It could transport up to 1 million barrels per day.

In January, the company presented plans to the Montana Department of Environmental Quality to build a pipeline that would transport 550,000 barrels of Canadian crude per day from the Phillips County area near the U.S. Canada border to eastern Montana and then to Wyoming before terminating in Guernsey.

The?filings' submitted late in March indicate that the proposed 36" pipeline would stretch nearly 650 miles (1050km) and have the capacity to deliver as much as 1.13 million barrels a day to Guernsey Wyoming. Bridger anticipates that the pipeline will initially run at around 550,000 barrels per day.

The developers claim that the project will largely follow existing corridors in order to?minimize land disturbance'. It would cost about $1.96 billion, for the 435.2 mile stretch of pipeline within Montana.

Plainview Energy Analytics stated that batching of light crude oil to maximum capacity would push volumes well beyond the typical 800,000 bpd limit for heavy oil on a line of this size.

Plainview reported that although the application mentions specifically moving Canadian oil, the detailed maps show possible tie-ins for the Bakken shale field at key points, providing access to the majority of Bridger’s North Dakota gathering networks.

Matthew Lewis, founder of Plainview, said: "This optionity positions the Bakken project for future expansion beyond the 550,000 bpd limit and creates the potential for a new competitive exit option for Bakken shippers."

Bridger 'Pipeline' is viewed as a possible U.S. Partner for Canadian company South Bow. South Bow is currently working to revive parts of the Keystone XL -oil pipeline that was cancelled.

Analysts say that if the project is approved by U.S. president Donald Trump, and if additional?links are built to U.S. refinery hubs, Canada's crude oil exports to the U.S. could increase by more than 12 percent.

These additional?links will be needed to transport oil?to major refinery hubs like Cushing, Oklahoma; Patoka in Illinois; and U.S. Gulf Coast. Analysts point out that Guernsey does not qualify as an end-market for crude oil. This means additional infrastructure is needed to connect the project with downstream demand centers. Reporting by Siddharth Cavale in New York Editing Keith Weir

(source: Reuters)