Providing coverage of Alaska and northern Canada's oil and gas industryMay 2003
| Vol. 8, No. 18 | Week of May 04, 2003 |
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Repair bill doubles at Athabasca oil sands project
Petroleum News Staff
A January fire that hit the Athabasca oil sands project in its first week of operation has cost C$150 million to repair – double initial estimates by the owners Shell Canada 60 percent, Chevron Canada Resources and Western Oil Sands, 20 percent each. The price tag for overall venture soared to C$5.7 billion from an initial budget of C$3.8 billion. But Shell is confident production will reach its target of 155,000 barrels per day in the third quarter.
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