Contract let for Kearl oil sands expansion

By OGJ editors

Imperial Oil Resources Ventures Ltd. has let a contract to CB&I for expansion of the Kearl oil sands mining project under development in the North Athabasca region of Alberta (OGJ Online, Mar. 16, 2011).

CB&I will conduct engineering, procurement, module assembly, and construction of a second bitumen extraction plant, froth tank farms, multiple storage tanks, and six froth settling units. The contract value exceeds $750 million.

The first phase of Kearl development, for which CB&I holds major contracts, is to start production late this year at about 110,000 b/d and eventually reach plant capacity of 145,000 b/d.

The expansion will add 110,000 b/d of production. Combined with the initial phase, it will develop 3.2 billion bbl of bitumen at a cumulative unit development cost of about $6.20/bbl, Imperial Oil said last month.

Future bottlenecking of both phases will increase production to the approved rate of 345,000 b/d and fully develop 4.6 billion bbl, the company said.

Imperial Oil holds a 71% interest in the project. ExxonMobil Canada holds the remainder.

Related Articles

EIA: Tight oil production pushes US supply to more than 10% of world’s total

03/26/2014 US tight oil production averaged 3.22 million b/d in the fourth quarter of 2013, pushing overall US crude oil production to more than 10% of the wo...

WoodMac: US tight-oil market ‘too robust to bust’

03/25/2014 A drop in global oil price levels or a significant widening of the differential between global oil prices and inland realizations are just two of t...

Sinopec reveals Fuling field production capacity goals

03/25/2014 Sinopec plans to develop Fuling shale gas field in southwestern China to a production capacity of 10 billion cu m (bcm)/year by 2017, the company s...

IHS International: US poised to lead world exports of LPG

03/25/2014 US shale gas development has the country poised to become a major global supplier of LPG, mainly to Asia, during 2015-20 with US exports outdistanc...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected