Imperial Oil ups costs of Kearl oil sands initial development 18% to $12.9B
Green Car Congress
FEBRUARY 3, 2013
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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