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Vol. 10, No. 8 Week of February 20, 2005
Providing coverage of Alaska and northern Canada's oil and gas industry


New oil sands horizon

Canadian Natural takes measures to keep lid on budget for C$10.8B project; expects 15 percent return on capital when fully commissioned

Gary Park

Petroleum News Calgary Correspondent

Canadian Natural Resources has gone to greater lengths than any previous oil sands developer to stifle cost overruns in giving the final go-ahead to its C$10.8 billion Horizon venture. John Langille, president of the Calgary-based independent, said Feb. 10 that although risk can’t be “completely eli....

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Cash flow essential for project financing

Non-union labor will be allowed


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