Alberta anticipates oil sands production boom

15 Sep 2017   Canada, Tar Sands

Through one of the largest investments in provincial history, expansions to an oil sands project in Alberta triggers big gains in output, its premier said. Alberta Premier Rachel Notley was on hand for a ribbon-cutting ceremony to mark the start of a $1.6 billion (USD) expansion project led by Japan Canada Oil Sands Ltd. At its Hangingstone project in Fort McMurray, the expansion will use steam to help improve oil production from the current rate of 1,000 barrels per day to 20,000 bpd by the middle of next year. “Good jobs for Albertans, billions of dollars in new investment and a growing economy — that’s what this expansion project means,” Notley said in a statement […]

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