Peak Oil News

Saturday, March 13, 2004

Oil sands bombshell - March 14, 2004 - Petroleum News
Worst case, expansion could cost double original projections
The consortium owners disclosed on March 5 that an expansion of the world's largest synthetic crude operation had skyrocketed by C$2.1 billion to C$7.8 billion, with a 50-50 chance that it could reach C$8.1 billion by completion.
In the worst case, the Stage 3 expansion would cost double the original projections in 2001 to boost Syncrude volumes to 350,000 bpd from 253,000 bpd.


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