Gibson Energy Inc. has received committed customer support for an additional 500,000 bbl crude oil storage tank at the Company's Hardisty Terminal.
This new tank will be constructed on the Company's eastern Hardisty lands along with the two 400,000 bbl tanks announced in September, 2012 and the 300,000 bbl tank (now revised to 400,000 bbl) announced last month. Details are as follows:
• Site preparation and civil work on the eastern Hardisty lands is now underway.
• Expected in-service dates for the new tanks are:
◦ Mid 2014 for the first 400,000 bbl tank;
◦ Late 2014 for the second and third 400,000 bbl tanks; and
◦ Early 2015 for the 500,000 bbl tank.
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Gibson Energy Inc.
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