New Oil Sands Project Planned

摘要

The oil company set to emerge from the split-up of EnCana plans a multibillion-dol-lar oil sands project that will employ new technology to coax the project's heavy crude to the surface, executives said on Thursday.Cenovus - as the EnCana spinoff will be called - plans to file applications in the next year's second quarter for a project that could pump 80,000-120,000 b/d at a northern Alberta site called Narrows Lake, executives said during a conference call.