New oil sands horizonCanadian 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....
[additional news subjects in this story]
Cash flow essential for project financing Non-union labor will be allowed
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