Item 8.01 Other Events.
Operators of
bp provides updates on its website at
https://www.bp.com/en_us/united-states/home/news/storm-center.html.
On
"Shell Midstream Partners, L.P. (NYSE:SHLX) ("
•The Partnership's operated pipelines, including ... Proteus, Endymion, ... have been returned to normal operating service after successfully completing all needed safety and stand-up tests.
•Mars:
•Due to the damage discovered, it is estimated that some parts of the WD-143 facilities will be offline for repairs into Q4 2021 and other parts until the end of Q4 2021. This damage will impact the Partnership's ability to provide service to shippers until such repairs are completed.
•Given the timeline for repairs to WD-143, the Partnership expects throughput to resume from the Olympus platform at some point in Q4 2021 and from the Mars and Ursa facilities at some point in Q1 2022.
Shell Midstream Partners carries several insurance policies in kinds and amounts customary to the industry, which may offset some costs of any asset damage and business losses. The Partnership's business interruption insurance related to lost revenue is expected to begin after sixty days of downtime. The Partnership intends to file all appropriate claims.
The Partnership will continue to provide updates on the company website, www.shellmidstreampartners.com, as information becomes available.
Shell Midstream Partners' primary focus continues to be the safety of its affiliates' employees and the protection of the environment."
BPMP owns a 28.5% interest in Mars and a 65.0% interest in the
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. Number Description Cover Page Interactive Data File - the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are 104 embedded within the Inline XBRL document
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