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Article: Canada : Devon to seek approval for oilsands project.
- Article from:
- TendersInfo
- Article date:
- November 5, 2009
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Byline: manish03
In another sign the log jam of stalled oilsands projects may be easing, Devon Energy Corp. on Wednesday said it plans to seek approval in 2010 for the third phase of its Jackfish Lake thermal project.
Following the success of Phases 1 and 2, the Oklahoma City-based Devon said preliminary work to evaluate some 300 million barrels of recoverable bitumen has prompted the company to move ahead with a third, 35,000-barrel-per-day (bpd) look-alike project in northeastern Alberta.
We have now completed this evaluation process and will seek approval from the regulatory authorities and our board of directors for Jackfish 3, president ...