Engineering News

Nexen Produces Synthetic Oil from Long Lake
January 23, 2009

Nexen Inc said on Thursday it produced the first synthetic crude from its C$6.1 billion ($5 billion) Long Lake, Alberta, oil sands project, although with the industry downturn the product is worth a fraction of what it would have been last summer.

Nexen, Canada's fourth-largest independent oil producer, said it will take 12-18 months before the upgrading plant at the site pumps at the capacity rate of 60,000 barrels a day.

The plant turns the tar-like crude from the oil sands into refinery-ready light oil.

Oil prices have tumbled to around $40 a barrel from more than $147 in July due to the global economic meltdown. The uncertain industry picture prompted Nexen to delay making a decision on going ahead with the second phase of Long Lake in October.

The company's partner in the project is Opti Canada Inc .

($1=$1.25 Canadian)

Source: AFX News Limited

Engineering News Archive

 
// CAREER RESOURCES

Applicant Procedures
Job Seekers
Resume Help
Professional Organizations
Engineering Career Information
Engineering Colleges

// WHAT WE DO
Recruiters for
Professionals in the Chemical
& Pharmaceutical Industries
We recruit exclusively for Engineers and Operations/Maintenance Management Personnel in the following areas:
Specialty chemicals
Bulk chemicals
Commodity Chemicals
Petrochemicals
Fine chemicals
Agrochemicals
Industrial gases
Surfactants
Fertilizers
Solvents
Coatings
Polymers
Pharmaceuticals
Refinery
Career Center | FAQs | Privacy
SESI Corporate Headquarters (954)755-3121 ext 109
© Search Enterprises, Inc. All rights reserved.
Industry News Career Center FAQs Submit a Job About Search Enterprises Submit a Resume Candidates Job Opportunities Search Enterprises Home