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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 10:11:24 AM Ignore kag2010 Report Abuse esso extra eh
IwanFL Sophomore Author Gainesville Posts:224 Points:80,610 Joined:Dec 2011	Message Posted: Feb 4, 2012 9:28:54 AM Ignore IwanFL Report Abuse cool
humblepie Champion Author Toledo Posts:17,343 Points:2,010,295 Joined:Mar 2006	Message Posted: Feb 4, 2012 9:19:10 AM Ignore humblepie Report Abuse make mine esso extra eh
doeslayersr Champion Author Illinois Posts:5,822 Points:511,175 Joined:Dec 2010	Message Posted: Feb 4, 2012 8:41:35 AM Ignore doeslayersr Report Abuse Good news!!!
drpepperTX Champion Author Texas Posts:4,955 Points:394,345 Joined:Apr 2011	Message Posted: Feb 4, 2012 8:10:50 AM Ignore drpepperTX Report Abuse Good, production of North American oil must continue and grow.
Buckeyee Champion Author Maine Posts:2,427 Points:557,880 Joined:May 2010	Message Posted: Feb 4, 2012 7:59:17 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 7:53:12 AM Ignore 52MPG Report Abuse Spending big money.
bubbagasPA Rookie Author Lancaster Posts:34 Points:20,005 Joined:Feb 2012	Message Posted: Feb 4, 2012 7:52:32 AM Ignore bubbagasPA Report Abuse yes more canadian flowing south
335d1 All-Star Author Virginia Posts:562 Points:407,425 Joined:Feb 2011	Message Posted: Feb 4, 2012 7:50:50 AM Ignore 335d1 Report Abuse More Canadian flowing South.
YaBassa All-Star Author Michigan Posts:599 Points:155,035 Joined:Nov 2011	Message Posted: Feb 4, 2012 7:43:01 AM Ignore YaBassa Report Abuse Big Oil will not be denied.
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