facebook
twitter
rss
account
search
search
 

Husky completes Tucker oil sands project

Aug. 22, 2006 at 1:34 PM   |   Comments

CALGARY, Alberta, Aug. 22 (UPI) -- Husky Energy has completed construction of its Tucker oil sands project near Cold Lake in Alberta.

The site is expected to have a project life of 35 years and produce about 350 million barrels of bitumen with approximately 40 full-time workers.

"Tucker is in close proximity to Husky's Cold Lake pipeline system and heavy oil upgrader in Lloydminster, Saskatchewan, making it an attractive integrated project," said John Lau, chief executive officer of the Canadian energy group in a news release.

The total cost of the project, which began in 2004, was below the budget of $500 million, the company said.

Topics: John Lau
© 2006 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
Verizon will soon let you choose what TV channels you want to pay for Verizon will soon let you choose what TV channels you want to pay for
2
Etsy bans sale of items with Redskins name, imagery Etsy bans sale of items with Redskins name, imagery
3
Meggitt receives $17.7 million Army order for target systems Meggitt receives $17.7 million Army order for target systems
4
Organic food brand at Kroger's to hit $1B in sales Organic food brand at Kroger's to hit $1B in sales
5
Lockheed Martin opens technology center
Trending News
Video
x
Feedback