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Imperial Oil okays $2-billion Cold Lake expansion

The Globe & Mail -- Imperial Oil Ltd. has approved plans to spend $2-billion on an oil sands expansion effort, just days after turning over record production results from the existing project.

The company plans to expand its Cold Lake operation, proceeding with its Nabiye blueprints. Operations at the new zone, which will be developed using a drilling technique rather than a strip mine, are expected to start by the end of 2014.

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Submitted Feb 04, 2012 By: Gronski1

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drpepperTX Champion Author Texas Posts:4,896 Points:390,345 Joined:Apr 2011	Message Posted: Feb 4, 2012 8:10:50 AM Ignore drpepperTX Report Abuse Good, production of North American oil must continue and grow.
Buckeyee Champion Author Maine Posts:2,407 Points:554,630 Joined:May 2010	Message Posted: Feb 4, 2012 7:59:17 AM Ignore Buckeyee Report Abuse Nice to see a country who's leaders care about their country's future.
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