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27 / 83

Edgar Filing: TIDELANDS OIL & GAS CORP/WA - Form 10-K

international crossings near Mission and Progreso, Texas

gas into the state subsidiary, Terranova

of

Tamaulipas

Energia

S.

de

and the

pipelines

R.L.

de

C.V.

for delivery o

owned

by

our

f natural Mexican

The

Company

is

focusing

on

the

development

of

infrastructure

projects

through

its Mexican

entity,

Terranova

Energia S.de R.L. de C.V.,

States (Mexico).

Terranova

implementation

of a natural

United Mexican

Energia is

development and

gas storage

in foc an

the nation of the

used

on

project

d

transportation

infrastructure to support the integration of Northeastern and the related economic growth of the border regions.

Mexic

  • o

    and South Texas

Tidelands

and

Terranova

Energia

have

hired

United Ritch

States and Mexico. Heather y Mueller,

The

Terranova

SC,

Abogados

project

development

Energia

advisors inc

and

Miriam

Grunstei

advisors in the lude ALB Energia,

n,

Abogada.

The

Tidelands advisors include Netherland LLC, Mayer Brown Rowe & Maw, LLP, BNC Inc. and R.W. Beck, Inc.

Sewell & Associates,

Cen

Engineering,

LLC,

HSBC

terPoint

Energy,

Securities,

USA,

The Terranova Mexican federal

Energia

project was

developed

to

electricity

commission,

to

manage

serve

the

n

swing

and

s

its procurement and in Northern Mexico. natural gas for power

dispatch of natural gas to its combined c

The region's generation

forecasted

growth

in

the

region.

The

will same

re nee

eeds of CFE, the easonal spread in ycle power plants quire additional d to manage swing

and

seasonal

spread is present

Northern Mexico, Nuevo Leon area.

in

particular,

for the industrial users of the industrial users located

natural gas in in the Monterrey,

Our project area is called the Burgos Hub and Storage Project. goals, subject to a variety of factors, including, but regulatory permitting, engineering design, financing, construct

agreements, pipeline.

are

focused

on

the

Brasil

storage

field

and

Ter

Our medium

term

not

limited

to,

ion and

operating

ranova

Occidente

  • -

    23-

The pipelines pipeline from international

proposed

are (A) the

the

Brasil

Storage

pipeline

crossing

into

Occidente

field to the U.S.,

Sectio Nuevo (2) a

n

comprised Progresso, pipeline f

storage to Station

pipeline

crossing

19 up to Arguelles into U.S. and (3) a

which is pipeline

another proposed in from Pemex's Station

Reynosa Oriente

which will extend southward to the Monterey Nuevo Leon

Section

from

the

offshore

regasification

station

area; to No

Mezquital include

proceeding to the Brazil

storage field.

approximately

323

kilometers

of

pipeline

The Occidente

and

the

Oriente

S S

contain approximately the construction of the

149 kilometers of pipeline. offshore LNG regasification

Our long station.

term

go

of: (1) a proposed rom Brasil ternational 19 south of and (B) the rte Puerto ection will ection will al includes

The proposed internatio Station and Arguelles interconnects into Texa Arguelles and VGP statio Kinder Morgan. The Terra cubic feet per day).

nal and

pipeline

crossings

VGP

station.

At

the

into South Texas ar

Donna

station

our

s n

are our

with TETCO, potential

TGPL and Texas Gas

interconnects

are

with

Servic

HPL,

nova

pipeline

capacity

is

estimated

at

1.2

BC

e the Donna

potential es. At the Calpine and FD (billion

The Terranova pipeline bi-directional flow. The to the Brasil field is a Monterey and internation

s have b pipeline 36 inch al crossi

een

designed for 30 and 36 inch

di

from the

proposed

LNG

regasificatio

diameter

pipeline

and

from the Bras

ngs

are

30

inch

diameter

pipelines.

ameter with n terminal il field to

We submitted the permit to the CRE, the Mexican

were accepted

for full r

average time

for proce

accordingly,

a decision

Comision

Reguladora

de

E

applicati energy eview on ssing an concerni nergia (C

on for the

Terranova

pipeline

Occide

regulatory

entity,

on March

18, 20

June

14,

2005.

Management

understan

d ng

receiving pipeline permits is this permit application is expect

RE)

in

the

second

quarter

of

2006.

nte section 05 and they ds that the 15 months, ed from the

27

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