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Providing coverage of Alaska and northern Canada's oil and gas industry
February 2007

Vol. 12, No. 6 Week of February 11, 2007

Upping the ante at Alberta project

Adding a refinery to an upgrader planned for northwestern Alberta could inflate the overall budget by almost 80 percent, said the proponent Peace River Oil.

The Bluesky project was initially designed as a plant to upgrade bitumen to refinery-ready synthetic crude, but the company said a closer look at opportunities convinced it that incorporating a refinery made sense along with doubling the upgrader’s initial throughput to 50,000 barrels per day.

Peace River’s current timetable, based on regulatory filings in 2008, calls for construction to start in 2009 and the facility to start operations in 2011.

Bluesky could generate up to 4,000 construction jobs and 400 permanent positions.

—Gary Park






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