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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:3,409 Points:661,285 Joined:Apr 2010	Message Posted: Feb 4, 2012 12:11:24 PM Ignore kag2010 Report Abuse esso extra eh
IwanFL Sophomore Author Gainesville Posts:224 Points:80,610 Joined:Dec 2011	Message Posted: Feb 4, 2012 11:28:54 AM Ignore IwanFL Report Abuse cool
humblepie Champion Author Toledo Posts:17,322 Points:2,009,320 Joined:Mar 2006	Message Posted: Feb 4, 2012 11:19:10 AM Ignore humblepie Report Abuse make mine esso extra eh
doeslayersr Champion Author Illinois Posts:5,821 Points:511,175 Joined:Dec 2010	Message Posted: Feb 4, 2012 10:41:35 AM Ignore doeslayersr Report Abuse Good news!!!
drpepperTX Champion Author Texas Posts:4,950 Points:393,370 Joined:Apr 2011	Message Posted: Feb 4, 2012 10:10:50 AM Ignore drpepperTX Report Abuse Good, production of North American oil must continue and grow.
Buckeyee Champion Author Maine Posts:2,422 Points:557,655 Joined:May 2010	Message Posted: Feb 4, 2012 9:59:17 AM Ignore Buckeyee Report Abuse Nice to see a country who's leaders care about their country's future.
52MPG Champion Author Dayton Posts:5,440 Points:1,382,355 Joined:Apr 2006	Message Posted: Feb 4, 2012 9:53:12 AM Ignore 52MPG Report Abuse Spending big money.
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YaBassa All-Star Author Michigan Posts:599 Points:155,035 Joined:Nov 2011	Message Posted: Feb 4, 2012 9:43:01 AM Ignore YaBassa Report Abuse Big Oil will not be denied.
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