Thursday, July 12, 2012

Imperial plans Aspen, a SAGD project near Kearl

Imperial announced its intentions to develop a new SAGD project in the Aspen area south of Kearl. It's not going to be until beyond 2020, however, and will "probably" involve two 40,000 barrel per day phases.

This is clearly a footnote in the company's current big oil sands news - the $28 billion dollar Kearl mine, which is intended to come online this year after cost overruns and trouble with regulators, including a dispute over "megaloads" - prebuilt plant modules to be trucked through Idaho and Montana. I assume they're also being shipped by some other state, since they're coming from Asia and Idaho and Montana are both landlocked. Why isn't Washington state or Oregon complaining?

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