Statoil postponing Corner oil sands project for minimum of 3 years; rising costs, limited pipeline access
Green Car Congress
SEPTEMBER 27, 2014
'Statoil will postpone the previously planned Corner field development at the Kai Kos Dehseh (KKD) oil sands project in Alberta, Canada, for a minimum of three years, due in part to rising labor and materials costs and market access issues including limited pipeline access. The decision has no implications for the Leismer project (Statoil’s first foray into the oil sands), also at the KKD, which is in production and has an operating capacity of 20,000 barrels per day.
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