Genesis Energy, L.P. Operational Update
28 August 2017 - 9:40PM
Business Wire
Due to Hurricane Harvey, Genesis Energy, L.P. has experienced
minimal operational disruptions that are temporary in nature.
During this time, our number one focus has been on the safety of
our employees and our operations. In advance of the hurricane,
Genesis started making preparations to limit the disruption of
service to customers which included the following actions:
- Diverting production from Cameron
Highway Oil Pipeline System (CHOPS) to Poseidon,
- Moving the Pipeline and Terminal
Operations Control Center control room to Austin, TX, and
- Moving the Marine Control and Dispatch
to Ruston, LA.
Due to the hurricane, Genesis has had several discrete
short-term effects to offshore operations, the most significant of
which was to CHOPS. As a result, approximately 30-35% of volumes
were diverted from CHOPS to Poseidon with remaining volumes
temporarily shut-in. Genesis expects to resume operations on CHOPS
potentially as early as this afternoon. At this point, all
operational impacts are expected to be short-term and to have less
than a 2% effect on our otherwise expected quarterly results with
no lasting effects.
CEO, Grant Sims, said: “We have been following the storm
closely, and we expect CHOPS to resume full operations within 12
hours of getting employees safely to the platform which could be as
early as this afternoon. We continue to work closely with our
customers in the Gulf of Mexico to keep a minimum impact on
production flowing to refineries. As always, our focus continues to
be on the safety of our employees and upholding our commitment to
safe, reliable, and responsible operations.”
Genesis Energy, L.P. is a diversified midstream energy master
limited partnership headquartered in Houston, Texas. Genesis’
operations include offshore pipeline transportation, onshore
facilities and transportation, refinery services and marine
transportation. Genesis’ operations are primarily located in Texas,
Louisiana, Arkansas, Mississippi, Alabama, Florida, Wyoming and the
Gulf of Mexico.
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version on businesswire.com: http://www.businesswire.com/news/home/20170828005934/en/
Genesis Energy, L.P.Bob Deere, 713-860-2516Chief Financial
Officer
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