Oil sands bombshellExpansion costs at giant Syncrude operation could double original projections; start-up delayed by 12 months; Canadian Oil Sands Trust hammered Gary Park Petroleum News Calgary Correspondent
Oil prices of US$25 per barrel are the threshold for the Alberta oil sands to more than double production over the next 13 years to 2.2 million barrels per day and for operators to achieve an “adequate” return on investment of about 10 percent.
So said the Canadian Energy Research Institute on Marc....
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Worst case, expansion could cost double original projections Canadian Oil Sands Trust hammered “Significant reorganization” triggered by new information Heaviest cost overrun in oil sands history Feeding the oil sands Nuclear an option, as is igniting oil in reservoir
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