ExxonMobil starts Kearl expansion output

摘要

ExxonMobil started output at its Kearl oil sands expansion in Canada ahead of schedule, which will eventually raise the project’s total output to 220,000 b/d. The steep fall in oil prices has raised questions about the viability of expensive projects in the Canadian oil sands and the deepwater Gulf of Mexico (GoM). But projects that were funded before the price drop or with construction underway have advanced because they have lower breakeven costs once they start. That has helped producers like ExxonMobil and ConocoPhillips generate steady cash flow.