Repost from Albany Business Review, Latham NY
Exxon Mobil completes $2B tar sands expansionBy Nicholas Sakelaris, Dallas Business Journal, May 11, 2015, 7:55pm EDT
Exxon Mobil Corp. (NYSE: XOM) announced that the $2 billion Cold Lake Nabiye expansion has started production in Alberta, Canada.
The expansion adds about 20,000 barrels per day to what’s already the largest oil sands operation in Canada. That number could double to 40,000 barrels soon, according to Exxon, bringing the total capacity to nearly 200,000 barrels per day.
Exxon added new steam generation, bitumen processing, field production pads and a 170-megawatt electrical cogeneration plant.
The project was executed by ExxonMobil Development Co. on behalf of Imperial Oil Limited, an affiliate that’s majority owned by Exxon.