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Imperial Oil ups costs of Kearl oil sands initial development 18% to $12.9B

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Imperial Oil has raised the expected final cost for the Kearl oil sands initial development to $12.9 billion, up 18% from the 2011 figure of $10.9 billion barrels at a unit development cost of approximately $6.80 The Kearl expansion project, sanctioned in 2011 for $8.9 per barrel.

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Imperial Oil sanctions Kearl Oil Sands expansion project

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Imperial Oil Limited’s board of directors has approved the expansion phase of the Kearl Oil Sands Project, a surface mining operation under construction northeast of Fort McMurray, Alberta. Imperial Oil’s share of the Kearl Oil Sands asset is 71%. billion (US$10.6 per barrel. billion barrel resource.

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Enbridge to build $1.3B Woodland Pipeline Extension to support Kearl oil sands project; 400kbpd initially

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The project has an estimated cost of $1.3 The Woodland Pipeline Extension is being constructed to serve the Imperial Oil and ExxonMobil Kearl oil sands project and its recently announced expansion. billion to service the increasing requirements of the Alberta oil sands producers.

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Researchers propose framework for CCS infrastructure optimization to reduce GHG emissions from oil sands extraction and processing

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The width of the pipeline network (green lines) is proportional to CO 2 flow; the largest CO 2 flow is approximately 36 MtCO 2 / yr for the $155/tCO 2 scenario (pipeline leaving the Athabasca oil sands area). Costs are in $US 2011. Credit: ACS, Middleton and Brandt. Click to enlarge. 15 years alone.

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Enbridge to twin southern section of its Athabasca oil sands pipeline for about $1.2B

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will twin the southern section of its Athabasca Pipeline from the Kirby Lake, Alberta terminal to the Hardisty, Alberta crude oil hub at an estimated cost of approximately C$1.2 billion project, originally proposed in 2005, was seen as a way to diversify markets for oil sands crude, with exports targeted for Asia and California.

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Lux Research: Cost of replacing a barrel of produced oil up 350% in 13 years

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The cost associated with replacing a barrel of produced oil has risen from $6 per barrel in 1998 to $27 per barrel in 2011, according to Lux Research—an increase of 350%. Unconventional oil will be a key area of focus for producers. will be in the oil sands. Cost to replace each barrel of oil produced.

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Suncor targeting 1M barrels per day by 2020, some 80% from oil sands; new strategic alliance with Total

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Suncor is targeting 1 million barrels per day output in 2020, with its growth in the oil sands underpinned by its alliance with Total. Approximately 80% of that production will be from the oil sands. The agreement with Total is an important element of Suncor’s plans to more than double our oil sands production.

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