ALBERTA OILSANDS DRAW TWO EXTRACTION PROJECTS

Alberta oilsands continue to attract companies aiming for a breakthrough in economic development of the resource. Chevron Canada Resources Co. has started up a pilot oilsands project northeast of Edmonton using its heated annulus steam drive (HASDrive) process. In addition, Fording Coal Ltd., Calgary, and Kilborn Western Inc. plan a joint venture to develop a new oilsands extraction process. Chevron's $12 million (Canadian) pilot oilsands project in Alberta employs its HASDrive process,

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