Production should start flowing from the two-well Gunflint subsea development back to Gulfstar One sometime in 2016, Williams chief executive Alan Armstrong said at the Howard Weil Energy Conference in New Orleans on Tuesday.
"This will add a tremendous amount of cash flow starting in 2016 with very little capital investment out our part." said Armstrong said.
"The producers do the drilling, they tie it back to our facility and we get to charge the kind of rent that you'd expect for having a billion-dollar asset sitting out there when there is no other place to go.
