Under a regulatory filing in 2004, the pipeline was expected to cost $7-billion.
http://www.canada.com/nationalpost/financialpost/story.html?id=93112397-0710-45ad-9c2e-680716f94a4c&k=29313
Posted on 03/12/2007 11:34:19 AM PDT by thackney
The cost of the proposed Mackenzie natural gas project in the Northwest Territories is now pegged at $16.2 billion, Imperial Oil said Monday.
The Calgary-based oil and gas company also revealed that production startup will be no sooner than 2014.
Imperial disclosed the costs and timing details in a filing with the National Energy Board and Joint Review Panel.
A consortium led by Imperial wants to build a 1,220-kilometre pipeline along the Mackenzie Valley in the Northwest Territories to the Alberta border, where it would connect with existing pipelines and link to southern markets.
The consortium also includes ConocoPhillips Canada, Shell Canada, ExxonMobil Canada and Aboriginal Pipeline Group.
Imperial said in its filing with regulators that the massive project will cost an estimated $3.5 billion for the gas-gathering system, $7.8 billion for the Mackenzie Valley pipeline, plus $4.9 billion to develop the gas fields to feed the project.
Under a regulatory filing in 2004, the pipeline was expected to cost $7-billion.
http://www.canada.com/nationalpost/financialpost/story.html?id=93112397-0710-45ad-9c2e-680716f94a4c&k=29313
Hiring?
Take off, eh!
And how in the name of Global Warming did all those dinosaurs get up there to die and make for us oil and gas? /rhetorical
What's the word up there on the intermediate-term (10-20 years out) feasibility of using nuclear power to provide electricity for the oilsands?
I'm a little farther up there than Alberta. I'm not familiar with Canada's stance on Nuclear Power.
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