Petro-Canada, a new player on Alaska’s North Slope, embarks on C$5.8 billion oil sands expansion in AlbertaIntegrated company relies on new technology, declares intention to become a “major player” in the oil sands; says project is profitable with oil at $16 a barrel Gary Park PNA Canadian Correspondent
Go big or go home is the motto in Alberta’s sprawling oil sands region and Petro-Canada has opted for big, announcing it will spend C$5.8 billion over 10 years as it pursues alternatives to depleting reserves of conventional crude in Western Canada. Petro-Canada is a new player on Alaska’s North Slo....
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Company’s first big move into oil sands Plan combines different technologies
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