A CDN$3 billion oilsands project in Alberta, Canada, proposed by Nexen Inc. and OPTI Canada Inc., has been given provincial government approval. 40 kilometres southeast of Fort McMurray in northern Alberta, it will begin production in 2006. Its first phase entails the production of 70,000 barrels per day of steam-assisted gravity drainage oil, with an integrated upgrading facility scheduled to run in 2007.

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