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Vol. 9, No. 26 Week of June 27, 2004
Providing coverage of Alaska and northern Canada's oil and gas industry


Syncrude consortium trying to keep a lid on gas prices

Natural gas consumption of nearly 150 million cubic feet a day accounts for 20 percent of oil sands plant’s operating budget

Don Whiteley

Petroleum News Contributing Writer

Having just added C$2.1 billion to the capital cost of its Athabasca oil sands expansion project, the Syncrude consortium is now hoping to keep a lid on natural gas prices. In a conference call with analysts on June 21, Syncrude CEO Charles Ruigrok said the C$7.8 billion price tag for the massive pr....

    [additional news subjects in this story]

Natural gas can be extracted from bitumen

2004 capital spend will approach $3 billion


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