OIL SANDS PROBLEMS

BY MONICA DOBIEPETRO-CANADA'S problems with its new McKay River steam-assisted oilsands plant in the second quarter of this year cut the facility's oil production to 5,000 barrels day from 13,000 barrels a day. Problems with oil getting into the recycled water and harming the steam-generators caused an unexpected six-week shutdown, forcing the company to spend CDN $10 million on modifications. In April, the company announced it would suspend plans for CDN $5.8 billion worth of development including the constriction of a second oilsands facility. However, the ...


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