Commercial start up of the 2000 barrel per day phase one of the project is expected during the second half of 2015.

Chief executive Cameron Todd said project enhancements will "cut our water usage in half, increase our bio-solvent recovery by 50%, and recover increased amounts of oil from a broader range of oil sands ore".

KBR, FLSmidth USA and Norwest were awarded project construction, management and consulting contracts.

For