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
Featured UPI Collection
trending
Celebrity Couples of 2014 [PHOTOS]

Celebrity Couples of 2014 [PHOTOS]

Most Popular
1
Laundry drying sparks 'smart skin' concept for aircraft
2
Native concerns over oil vetted in Canada
3
Scottish tidal array may be largest of its kind
4
Russia's Rosneft grabs Norwegian drilling assets
5
Twinkies' Chicago facility to close
Trending News
Video
x
Feedback