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UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
Total suspends work on Joslyn
Total is suspending engineering and design work on its C$11bn Joslyn oil sands project in Alberta and laying off 150 staff. According to the Chief Executive of Total in Canada, Andre Goffart, attempts to reduce costs had not made sufficient progress to move to a final investment decision on the project. Goffart stated that all partners supported the decision, and Total will continue to work on project engineering to lower costs. Originally planned to produce 100,000 b/d production at a cost of $8bn, the project was increased in scale to 160,000 b/d for $11bn and had been expected to start in 2017/2018. Total is operator, holding a 38.25% stake, partnered by Suncor (36.75%), Occidental (15%) and Inpex (10%).
News Item details
Journal title: Petroleum Review
Region: North America
Countries: Canada -
Subjects: Exploration and production, Oil sands
