The Canadian Press

Enbridge Inc. (TSX:ENB) says it will build, own and operate a deepwater crude oil pipeline in the Gulf of Mexico, but did not provide a price tag for the project.

The Calgary-based company said the pipeline would connect the proposed Heidelberg development, operated by Anadarko Petroleum Corp., to an existing pipeline that it did not name.

The new pipeline is expected to be operational by 2016, but is subject to finalization of an agreement with Anadarko and its project co-owners.

The Heidelberg pipeline will originate in Green Canyon Block 860, southwest of New Orleans and will be in 5,300 feet of water.

"We are pleased to be working with Anadarko and the Heidelberg producers," said Leon Zupan, Enbridge president of gas pipelines.

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