The oil industry is investing in a new development well in the oil sands of western Canada
An oil and gas company is spending millions to help build a new well in an area of the Alberta oil sands where developers say they’ve found a way to get the gas from oil sands deposits into wellbore oil.
The well is part of the development of a proposed pipeline that would link an oil sands project to a new oil field in the heart of Alberta’s oil sands region.
The pipeline, which would carry liquefied natural gas (LNG) to export terminals on the west coast of the country, is part and parcel of a larger project that aims to boost Alberta’s production of oil sands.
The proposed pipeline would transport LNG from Alberta’s west coast to a terminal in Quebec and export it back to the west.
The $8.5 billion project would provide more than 50,000 jobs in the region, according to the Alberta Energy Regulator.
The project would also create nearly 1,500 direct jobs in Calgary, and provide a path for LNG to be shipped from the West Coast to Asia.
“It’s very exciting, but it’s not what we expected,” said Scott Brown, a Calgary-based geologist with the company Energy Transfer Partners.
“It’s something that we’ve been working on for a long time.
It’s a bit more complex than we anticipated.”
Brown is helping with the project with his own work.
He said he hopes that the pipeline will be able to be built by 2020.
“We’re looking forward to a bright future for the Alberta economy,” he said.
“This is a long-term plan that will give Alberta a lot of flexibility to create new jobs here in the west, to continue to export our oil and natural gas to Asia and the rest of the world.”
The proposed pipeline is part the $8 billion LNG export terminal in the Alberta region.
Its design is based on the design of the existing LNG terminal in Ontario, which has a pipeline running north from Port Colborne to the Port of Vancouver.LNG exports would be the first direct benefit from the proposed pipeline.
The LNG would be used in the Canadian Pacific LNG project, which is a joint venture between BP Canada, Canadian National and the B.C. government.
The consortium has a contract with the BNDP to build the LNG pipeline.BP Canada and Canadian National are working on the project alongside Energy Transfer, the company that operates Canada’s oil and energy sector.
Brown said he expects the pipeline to be operational by 2020, although he declined to provide a timeline.
He says that the project has already cost about $30 million.
The oil and pipeline company, Suncor Energy Inc., is the biggest shareholder in the project.
Suncor says it is a Canadian-owned company and the consortium is run by the Canadian National Corporation.
The group is part-owned by the government of Alberta.
Brown says the project is part project of the government’s plan to make Alberta more energy independent.
“In terms of economic benefit, I think it’s a good thing for Alberta,” he told CBC News.
“I think that’s why we have this pipeline, because it’s good for Alberta.
It will create a lot more jobs and it will increase our competitiveness.”
Brown said the project was built in collaboration with the government.
Suncom’s vice president of development, David Brown, said the company’s investments in the province are based on its experience in other projects in Alberta.
“Suncor is a natural gas provider and a very competitive natural gas player in the oilsands region,” Brown said in a statement.
Suncor’s experience in the development and operations of other projects, particularly in the energy sector, has helped us understand the challenges in the industry and our expertise to meet them.”