Imperial Oil Awards Contracts, Proceeds with $8.9 Billion Kearl Oil Sands Mine

SUGAR LAND--February 11, 2014--Written by Edward Weatherly for Industrial Info Resources (Sugar Land, Texas)--Imperial Oil Limited (NYSE:IMO) (Calgary, Alberta) is well into the site preparation phase of the $8.9 billion train II expansion at its Kearl oil sands mine. The first train at Kearl went into production in April 2013, with the start-up of the first of three froth treatment plants. The balance of the last two came online later that year to produce 110,000 barrels per day (BBL/d) of diluted bitumen. The train II expansion, which is expected to be completed sometime in late 2015, will add 110,000 BBL/d of diluted bitumen production to the Kearl mine complex when it ramps up to maximum production in 2016.

Other companies featured: Fluor Corporation (NYSE:FLR), CB&I Corporation (NYSE:CBI)ExxonMobil Corporation (NYSE:XOM)