New oil sands project approved for northern Alberta
The project will be located northwest of Conklin, between Fort McMurray
and Lac La Biche, and produce about 12,000 barrels of bitumen per day.
and Lac La Biche, and produce about 12,000 barrels of bitumen per day.
The proposal is to use a steam-assisted gravity drainage technology,
which the government says reduces the environmental impact.
“This project is in the best interest of Alberta, and is another
example of how we are responsibly developing our resources. Moving these
projects forward shows that Alberta is open for business, and we are
dedicated to encouraging investment in our province,” said Energy
Minister Sonya Savage in a written release.