New Oilsands Mine Approved By Imperial Board

摘要

Imperial Oil Limited approved this morning the first phase of Kearl, an $8 billion oilsands mining project 70 kilometres northeast of Fort McMurray, estimated to ultimately produce more than 300,000 bbls per day of bitumen starting in late 2012. All regulatory requirements are in place and construction will now begin "in earnest," said spokesperson Gordon Wong. "It's a very exciting time for the company. Work has been underway in terms of pre-development and now we'll be looking forward towards construction."