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Imperial Oil okays $2-billion Cold Lake expansion

The Globe & Mail -- Imperial Oil Ltd. has approved plans to spend $2-billion on an oil sands expansion effort, just days after turning over record production results from the existing project.

The company plans to expand its Cold Lake operation, proceeding with its Nabiye blueprints. Operations at the new zone, which will be developed using a drilling technique rather than a strip mine, are expected to start by the end of 2014.

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Submitted Feb 04, 2012 By: Gronski1

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kag2010 Champion Author Winnipeg Posts:3,399 Points:659,335 Joined:Apr 2010	Message Posted: Feb 4, 2012 1:11:24 PM Ignore kag2010 Report Abuse esso extra eh
IwanFL Sophomore Author Gainesville Posts:224 Points:80,430 Joined:Dec 2011	Message Posted: Feb 4, 2012 12:28:54 PM Ignore IwanFL Report Abuse cool
humblepie Champion Author Toledo Posts:17,248 Points:2,007,270 Joined:Mar 2006	Message Posted: Feb 4, 2012 12:19:10 PM Ignore humblepie Report Abuse make mine esso extra eh
doeslayersr Champion Author Illinois Posts:5,804 Points:508,150 Joined:Dec 2010	Message Posted: Feb 4, 2012 11:41:35 AM Ignore doeslayersr Report Abuse Good news!!!
drpepperTX Champion Author Texas Posts:4,914 Points:391,320 Joined:Apr 2011	Message Posted: Feb 4, 2012 11:10:50 AM Ignore drpepperTX Report Abuse Good, production of North American oil must continue and grow.
Buckeyee Champion Author Maine Posts:2,412 Points:555,605 Joined:May 2010	Message Posted: Feb 4, 2012 10:59:17 AM Ignore Buckeyee Report Abuse Nice to see a country who's leaders care about their country's future.
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YaBassa All-Star Author Michigan Posts:589 Points:152,985 Joined:Nov 2011	Message Posted: Feb 4, 2012 10:43:01 AM Ignore YaBassa Report Abuse Big Oil will not be denied.
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