Imperial Oil has approved the US$2 billion expansion of company’s Cold Lake oil sands project in Alberta which will add 40 kbbld of bitumen production. Imperial which is 69.6% owned by Exxon, will recover additional 280 mmbbls through this project which is expected to start by year end 2014. Current production stands at 160 kbbld.
To view Imperial Oil's latest presentations and press releases, check out the Derrick Document Search Tool:
To view Imperial Oil's latest presentations and press releases, check out the Derrick Document Search Tool:
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