Energy company is ramping up production of its Fort Hills oil sands mine, but has approved no other major growth projects in northern Alberta.
AER is dispatching an inspector to the nearly completed Fort Hills mine in northern Alberta.
Its share of remaining project capital is between $1.6 billion and $1.8 billion; most to be spent this year.
Project was shelved during 2008 financial crisis; to start production in 2017.
Firebag 4 came in under budget and the pace of Total developments.
Three joint venture projects up for review based on shareholder value.
Energy companies Total E&P Canada Ltd. and Suncor Energy Inc. have formed a strategic oil sands alliance involving assets both companies have in Alberta’s Athabasca region.