Imperial looks to oil sands expansion

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By News wires

 19 August 2009 21:43 GMT

Imperial Oil may dust off long-held plans for a C$1 billion (US$910 million) expansion of its massive Cold Lake oil sands project in northern Alberta that would increase output by 30,000 barrels per day, a company spokesman said today.



Imperial is revising the design of the expansion project, called Nabiye, potentially adding equipment to remove sulfur and an electricity-cogeneration plant that would produce steam for the thermal oil sands project.

"We're doing planning and design work right now," said Gordon Wong, a spokesman for the company, 69.6%-owned by ExxonMobil.

"We're looking at moving it along but no final decisions have been made on whether to proceed with the expansion or not."

The project was submitted to regulators in 2002 but the revisions being mulled by Imperial mean the company would need…

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