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Midstream ConocoPhillips’ Midstream business primarily is conducted through a 50 percent equity investment in DCP Midstream, LLC, as well as directly held assets and other equity affiliates. These assets include natural gas-gathering and processing operations and natural gas liquids (NGL) fractionation and marketing businesses. The midstream business purchases raw natural gas from producers and gathers natural gas through extensive pipeline gathering systems. The gathered natural gas is then processed to extract NGL. The remaining residue gas is marketed to electrical utilities, industrial users and marketing companies. Most of the NGL are fractionated – separated into individual components, such as ethane, propane and butane. These individual products are marketed as chemical feedstock, fuel or refinery blendstock.
ConocoPhillips owns a 39 percent equity interest in Phoenix Park Gas Processors Limited, which operates a 1.35 BCFD gas-processing plant and a 70 MBPD NGL fractionator in Trinidad. A third gas-processing train currently is under construction, and when complete in 2008, will bring Phoenix Park’s total processing capacity to 2 BCFD. ConocoPhillips’ share of NGL extracted from this facility averaged 6,600 BOPD in 2006.
Find out more at …
• Phoenix Park Gas Processors Limited
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